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- W2558432005 abstract "In this study, we relax the conventional assumption of a linear cointegration relationship in the revenue–expenditure nexus by examining asymmetric equilibrium effects in the South African fiscal budget using quarterly data collected between 1960:Q1 and 2016:Q2. Our mode of empirical investigation is the MTAR model supplemented with a TEC component. Our estimation results primarily point to a weakly sustainable budget in which there exists bidirectional causality between revenues and expenditures, a result which offers support in favour of the fiscal synchronization hypothesis. Collectively, our empirical results have important implications for South African fiscal policymakers." @default.
- W2558432005 created "2016-12-08" @default.
- W2558432005 creator A5008196047 @default.
- W2558432005 date "2017-12-22" @default.
- W2558432005 modified "2023-10-18" @default.
- W2558432005 title "Asymmetries in the revenue–expenditure nexus: new evidence from South Africa" @default.
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- W2558432005 doi "https://doi.org/10.1007/s00181-017-1397-0" @default.
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