Uwilingiye, Josine; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2007
This paper investigates the direction of temporal causality between budget deficit and interest rate in South Africa using quarterly data for the period of 1961:02 to 2005:04, and also for annual data covering 1961 to 2005. Based on a multivariate Vector Error Correction Model (VECM), estimated...