An assessment of the relationship between public debt, government expenditure and revenue in Namibia
https://doi.org/10.3326/pse.44.3.3 | Published online: September 1, 2020 Figure 1
The composition of government revenue, government expenditure and public debt in Namibia 1990-2016 (in billion N$) Figure 2
The composition of public debt, government expenditure and revenue in Namibia 1990-2016 (as % of GDP) Table 1
Descriptive statistics
Table 2
Unit root test results at levels-ADF and PP
Table 3
Unit root test results at first differencing-ADF and PP
Table 4
Lag length selection criteria
*Indicates the lag order selected by criterion, AIC Source: Authors Table 5
Johansen cointegration tests- Trace and Maximum eigenvalue
* denotes rejection of the hypothesis at the 0.05 level Source: Authors Table 6
LnPD, LnGVTEX and LnGVTRV residuals unit root test result
Table 7
ECM estimates (dependant variable: first differenced LnGVTEX)
Table 8
Pair-wise Granger causality tests
Table 9
Diagnostic tests for heteroscedasticity, autocorrelation and normality
Figure 3
CUSMUS stability test Figure 1 The composition of government revenue, government expenditure and public debt in Namibia 1990-2016 (in billion N$) DISPLAY Figure Figure 2 The composition of public debt, government expenditure and revenue in Namibia 1990-2016 (as % of GDP) DISPLAY Figure Table 1 Descriptive statistics DISPLAY Table Table 2 Unit root test results at levels-ADF and PP DISPLAY Table Table 3 Unit root test results at first differencing-ADF and PP DISPLAY Table Table 4 Lag length selection criteria DISPLAY Table Table 5 Johansen cointegration tests- Trace and Maximum eigenvalue DISPLAY Table Table 6 LnPD, LnGVTEX and LnGVTRV residuals unit root test result DISPLAY Table Table 7 ECM estimates (dependant variable: first differenced LnGVTEX) DISPLAY Table Table 8 Pair-wise Granger causality tests DISPLAY Table Table 9 Diagnostic tests for heteroscedasticity, autocorrelation and normality DISPLAY Table Figure 3 CUSMUS stability test DISPLAY Figure |
September, 2020 III/2020 |
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