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thresholds

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Debt sustainability and financial crises in South Africa

Leroi Raputsoane and Ruthira Naraidoo
This study assesses debt sustainability in South Africa allowing for possible nonlinearities in the form of threshold behaviour by fiscal authorities. A long historical data series on the debt-to-GDP ratio and models with fixed and time-varying thresholds allowing the level of debt to vary relative...
Jan 2014
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