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Empirical estimates of fiscal multipliers for South Africa

Johannes Kemp ()

No wp-2020-91, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Despite the frequent use of fiscal policy for stabilization purposes and the important role fiscal activism has played over the last decade, the size of budgetary multipliers (i.e. the output response following an exogenous shock to fiscal policy) has been heatedly debated at the theoretical and empirical levels, both globally and in the South African context. This paper estimates fiscal multipliers for South Africa using a variety of identification approaches and model specifications.

Keywords: Fiscal multipliers; Fiscal policy; state-dependent; structural VAR (search for similar items in EconPapers)
Date: 2020
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