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Debt must be invested, not consumed

Author

Listed:
  • Co-Pierre Georg
  • Hylton Hollander
  • Michael E. Rose

Abstract

We look at recent trends in debt, government consumption and investment to shed light on excessive and unsustainable debt accumulation. Unsustainable government debt levels translate into a lack of productive investment and/or too much consumption coupled with little prospect of income growth. Stylized Fact 1: South African Debt Levels are high and rising sharply Budget […]

Suggested Citation

  • Co-Pierre Georg & Hylton Hollander & Michael E. Rose, 2015. "Debt must be invested, not consumed," Working Papers 36, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:36
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/research_brief_36.pdf
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    Citations

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    Cited by:

    1. Tania Ajam & Aron Janine, 2007. "Fiscal Renaissance in a Democratic South Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 16(5), pages 745-781, November.

    More about this item

    Keywords

    Banking Regulation; Government spending; investment;
    All these keywords.

    JEL classification:

    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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