Are Fiscal Budgets Sustainable in South Africa? : Evidence from Provincial Level Data

• Autorzy: Kambale Kavase , Andrew Phiri
• Języki publikacji: EN

Abstrakty

EN

This study uses the nonlinear autoregressive distributive lag (N-ARDL) model to investigate the expenditure-revenue relationship for all nine South African provinces using annual data spanning from 2000 to 2016. Whereas other cointegration models can only depict whether budgets are sustainable or not, the N-ARDL model presents features which further enable us to predict a course of action which individual provincial governments can take towards attaining higher levels of budgetary sustainability in both the short and the long-run. Ultimately, our empirical study demonstrates that the 'one rule fit all' strategy as suggested by previous studies may not be an appropriate approach seeing that provincial governments have differing requirements for attaining improved levels of budget sustainability.(original abstract)

Słowa kluczowe

EN

Budget revenue; Budget balance; Public finance

PL

Dochody budżetowe; Równowaga budżetowa; Finanse publiczne

• Czasopismo: Business and Economic Horizons
• Rocznik: 2018
• Numer: vol. 14, iss. 2
• Strony: 415--423

Twórcy

autor

Kambale Kavase

• Faculty Eastern Cape Socio Economic Consultation Council, South Africa

autor

Andrew Phiri

• Nelson Mandela Metropolitan University, South Africa

Bibliografia

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Identyfikatory

DOI

10.15208/beh.2018.30