Households’ Debt and Financial Sustainability in South Africa

Journal Title: International Journal of Financial Markets - Year 2014, Vol 1, Issue 2

Abstract

The objective of this study was to analyse South African household sectors’ financial behaviour in respect of how households historically reacted to their aggregate debt position during the period 1990-2013. Following diagnostic assessment of stationarity and co integration properties of time series data, a saving reaction function was estimated to examine whether households’ financial behaviour was sustainable subject to the lifecycle model. A standard four-variable framework of the Vector Error Correction Model (VECM)was estimated using E-views. Inconformity to the lifecycle model, the results provide evidence that households indeed behaved in a financially sustainable manner during the period under review.

Authors and Affiliations

Elvis Munyaradzi Ganyaupfu

Keywords

Related Articles

Economic Integration of Two Blocs (EU AND ASEAN)

Economic integration and trading blocs refers to amalgamation of economic policies between two states or rest of the world for reduction of tariff and non tariff barriers. In this paper we have tried to explore the dif...

Business Performance of the Zimbabwe Banking Corporation (2002- 2005): A Documentary Review

This study sought to establish the business performance of Zimbabwe Banking Corporation (ZIMBANK), a subsidiary of Financial Holdings Limited, a Zimbabwean company listed on the country’s stock exchange, during the per...

Credit Risk Management and Its Impact on Financial Performance of Listed Banks in Ghana

The study empirically examines the impact of credit risk on performance of banks in Ghana. In the study parameters covered were; default rate, cost per loan assets and capital adequacy ratio. We used 9 banks listed on...

Measuring Service Quality using Servqual Model in Pakistan

The study intends to investigate the level of service quality in PCBs using the Servqual model in Pakistan. The Servqual model has been used due to its authenticity for measuring service quality gaps. By using factor a...

How Causal Dimensions of Product Harm Crises Shape Firm’s Financial Status: from Sri Lankan’s Moral Reputational Perspective

Causative dimensions of product harm crisis influence how a consumer responds. This research explores through a new empirical angle and makes several unique contributions to the existing marketing literature by explori...

Download PDF file
  • EP ID EP28703
  • DOI -
  • Views 323
  • Downloads 8

How To Cite

Elvis Munyaradzi Ganyaupfu (2014). Households’ Debt and Financial Sustainability in South Africa. International Journal of Financial Markets, 1(2), -. https://europub.co.uk/articles/-A-28703