... vulnerability Public debt crises Portfolio theory H63 H62 E62 E65 E66 Any opinions, findings, and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the view of the University of California–Santa Cruz. Yusuf Yildirim can...

... 2023 © Emerald Publishing Limited 2023 Emerald Publishing Limited Licensed re-use rights only Consumption The real exchange rate VAR Fiscal shock E62 F41 In recent years, there has been a resurgence of interest in the role of fiscal policy in stabilizing the economy...

... Southern Africa Public debt Fiscal sustainability C12 C22 E62 H63 Two recent recessions (one related to the world financial crisis and another, considerably more severe, related to the slowdown that started around 2015) raised concerns about the sustainability of fiscal policy in many...

... deficit Trade deficit Twin deficits VAR ARDL Granger causality C32 E62 F32 H62 O53 TDH has been an inconclusive hypothesis among economists. A group of the economists such as Abell (1990) , Bahmani-Oskooee (1992 , 1995) , Darrat (1988) , Normandin (1999) , Salvatore (2006...

... ] to estimate (equation 2). Adopting Shin et al. (2014) and modifying to incorporate the study variables, an asymmetric model of equation (2) is depicted as: E22 E62 H54 O55 Investment Private sector performance Nonlinearity Nigeria Public sector investments have been...

... at: randjelovic@ekof.bg.ac.rs Public investment Fiscal policy Central and Eastern Europe E62 E63 H54 The positive impact of public investment on economic growth is to a large extent a consequence of the positive relationship between public and private investment (Abdul Abiad and Furceri...

... probabilities E31 E62 E52 E43 E65 C24 High inflation is a major macroeconomic challenge in developing countries, to which Ghana is no exception. The negative effects of higher inflation on export growth, economic growth and poverty have been well-documented in the literature (Gylfasson, 1999...