- Title
- Do budget deficits crowd out private investment?: an analysis of the South African Economy
- Creator
- Biza, Rumbidzai Aimee
- Subject
- Individual investors -- South Africa
- Subject
- Budget deficits -- South Africa
- Date
- 2011
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10353/24956
- Identifier
- vital:63750
- Description
- This dissertation investigates whether budget deficits crowd out or crowd in private investment in South Africa, using quarterly South African data covering the period 1994 to 2009. South Africa has been experiencing unprecedented budget deficits since the 1960s and the study investigates how this has impacted on the country’s private investment demand. An empirical model linking private investment to its theoretical variables is specified and used to assess the quantitative effects of budget deficits on private investment. This study augments the co-integration and vector auto-regression (VAR) analysis with impulse response and variance decomposition analyses to provide robust long run and short run dynamic effects on private investment. The variables have been found to have a long run relationship with private investment. Results suggest that budget deficits significantly crowds out private investment. These results corroborate the theoretical predictions and are also supported by previous studies.
- Description
- Thesis (MCom) -- Faculty of Management and Commerce, 2011
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (vii, 147 pages)
- Format
- Publisher
- University of Fort Hare
- Publisher
- Faculty of Management and Commerce
- Language
- English
- Rights
- rights holder
- Rights
- All Rights Reserved
- Rights
- Open Access
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UFH Department of Economics
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details | SOURCE1 | Rumbidzai Aimee Biza Masters Dissertation.pdf | 2 MB | Adobe Acrobat PDF | View Details |