Fiscal policy and the current account evidence from South Africa
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University of Cape Town
This paper investigates the link between fiscal policy and the current account in post-apartheid South Africa using Bayesian-Vector Autoregressions (BVARs). Consistent with the predictions of the twin deficit hypothesis, the analysis reports a strong positive relationship between the government budget balance and the current account.
Includes bibliographical references.
Searle, P. 2012. Fiscal policy and the current account evidence from South Africa. University of Cape Town.