Government Debt Reduction in the USA and Greece: A Comparative VECM Analysis

The purpose of this paper is to estimate comparative debt reduction models for the USA and Greece using Vector Error Correction Model analysis and Granger causality test. The study provides an empirical framework that could assist in policy formulation for countries with high debt rates as well a...

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Bibliographic Details
Main Authors: Gisele MAH, Itumeleng P. MONGALE, Janine MUKUDDEM-PETERSEN
Format: Article
Language:English
Published: Ala-Too International University 2016-11-01
Series:Eurasian Journal of Business and Economics
Subjects:
Online Access:http://www.ejbe.org/EJBE2016Vol09No18p099MAH-MONGALE-MUKUDDEMPETERSEN.pdf