Buthelezi, Eugene Msizi; Nyatanga, Phocenah - In: Cogent economics & finance 11 (2023) 2, pp. 1-19
This paper investigates the impact of fiscal consolidation in different states on domestic government debt in South Africa. The government budget constraint theoretical framework and Markov-switching dynamic regression (MSDR) from 1979 to 2022. The contribution of this paper is to examine fiscal...