Buthelezi, Eugene Msizi; Nyatanga, Phocenah - In: Economies : open access journal 11 (2023) 6, pp. 1-26
This paper investigates the threshold of the cyclical adjusted primary balance (CAPB) that can be attributed to fiscal consolidation in South Africa. The CAPB framework is used in the threshold autoregressive regime (TAR) from 1979 to 2022. The contribution of the paper is the estimation of the...