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- W2888850441 abstract "The validity of the Ricardian equivalence proposition remains disputed in spite of the numerous empirical work. This study utilized panel ARDL estimation approach to investigate the evidence of Ricardian Equivalence Hypothesis in five Sub-Sahara African countries, namely Botswana, Ghana, Gambia, Nigeria, and Kenya over the period of 1981~2014. Our results show that GDP per capita and interest rate have significant positive impacts on private consumption, whereas government debt, government spending, government interest payment on the outstanding debt have negative impacts on private consumption. Ricardian equivalence hypothesis, which states that private consumption remains unchanged regardless of government’s spending, does not hold in Sub-Sahara African countries." @default.
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- W2888850441 date "2018-09-15" @default.
- W2888850441 modified "2023-10-18" @default.
- W2888850441 title "Ricardian Equivalence Hypothesis in the Sub-Sahara African Countries" @default.
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- W2888850441 doi "https://doi.org/10.11130/jei.2018.33.3.466" @default.
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