Zungu, Lindokuhle Talent; Makhoba, Bongumusa P.; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-16
hierarchical priors. The variables employed for empirical investigation included GDP, government expenditure, public debt, and … gross fixed-capital formation. The results of the study show that an unexpected shock in government expenditure and public … public debt lead to economic contraction. This implies that policy-makers ought to be cautious of excessive government …