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Crowding Out or Ricardian Behaviour? Evidence from South Africa

This paper examines whether government debt financing crowds out private consumption in South Africa or whether household behaviour is consistent with Ricardian equivalence. Using quarterly data from 1960Q1 to 2025Q1, the study employs a Bayesian time-varying parameter framework that accommodates no...

Ausführliche Beschreibung

Gespeichert in:
Hauptverfasser: Kazeem Abimbola Sanusi, Zandri Dickason-Koekemoer
Format: Artigo
Sprache:Inglês
Veröffentlicht: MDPI AG 2026-04-01
Schriftenreihe:International Journal of Financial Studies
Schlagworte:
government debt
private consumption
Ricardian equivalence
time-varying parameters
Bayesian methods
South Africa
Online-Zugang:https://www.mdpi.com/2227-7072/14/4/100
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