Buthelezi, Eugene Msizi; Nyatanga, Phocenah - In: Economies : open access journal 11 (2023) 5, pp. 1-27
This paper investigates the impact of the time-varying elasticity of the cyclically adjusted primary balance (CAPB) and fiscal consolidation on government debt. The time-varying parameter structural vector autoregression (TVP-VAR) model is used on a time series of data from 1979 to 2022. The...