INVESTIGATING THE KEY DRIVERS OF GOVERNMENT DEBT IN SOUTH AFRICA: A POST-APARTHEID ANALYSIS

Over the years, the world has experienced increased and persistent levels of high government debts. This situation has been fuelled by the sluggish economic growth rates and weak revenue collections, particularly in the sub-Saharan region. Using the auto-distributive lag (ARDL) model, the study investigates the key drivers of government debt in South Africa from 1994 to 2017. Findings of this study revealed that there is long-run relationship...