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Abstract Country risk rating is one of the factors that determine the stability of a given country’s economy and the government's access to both domestic and foreign loans. This paper aimed at assessing the relationship that exists between country risk rating and the South African government's access to domestic debts or loans. Monthly data from January 2008 to December 2019 was investigated using the ARDL bounds testing approach and the error correction model (ECM). The findings of this paper indicated that all country risk components (economic, financial and political) have a significant long-run effect on government domestic debt. While economic and financial risk scores have a positive effect on government debts, an inverse relationship was found between political risk and government debt. These results imply that in order to be independent of foreign debt which comes with terms and conditions; policymakers and the South African government leaders should strive to sustain the stability of the economy and the country’s financial conditions. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-01-14 How to Cite Habanabakize, T., & Dickason-Koekemoer, Z. (2023). Country Risk Effects and Government Domestic Debt Nexus in South Africa. International Journal of Economics and Financial Issues, 13(1), 29–34. https://doi.org/10.32479/ijefi.13484 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 1 (2023) Section Articles Most read articles by the same author(s) Evodia Mankuroane, Wilme van Heerden, Sune Ferreira-Schenk, Zandri Dickason-Koekemoer, Psychological and Behavioural Drivers of Short-Term Investment Intentions , International Journal of Economics and Financial Issues: Vol. 12 No. 4 (2022) Sune Ferreira-Schenk, Zandri Dickason-Koekemoer, Naveed Hussain Shah, Factors Influencing Individuals' Short-term Investment Intentions , International Journal of Economics and Financial Issues: Vol. 11 No. 4 (2021) Thomas Habanabakize, Zandri Dickason-Koekemoer, Production and Sales Risks in the Manufacturing Sector: The Role of Electricity Supply, Inflation and Fuel Price Volatility , International Journal of Economics and Financial Issues: Vol. 11 No. 6 (2021) Anzel van den Bergh-Lindeque, Sune Ferreira-Schenk, Zandri Dickason-Koekemoer, Individual Investor Risk Tolerance from a Behavioural Finance Perspective in Gauteng, South Africa , International Journal of Economics and Financial Issues: Vol. 11 No. 4 (2021) Sune Ferreira-Schenk, Zandri Dickason-Koekemoer, Analysing the Factors Affecting the Long-term Investment Intention of Investors , International Journal of Economics and Financial Issues: Vol. 13 No. 1 (2023) L.J. Basson, Sune Ferreira-Schenk , Zandri Dickason-Koekemoer, Fractal Dimension Option Hedging Strategy Implementation During Turbulent Market Conditions in Developing and Developed Countries , International Journal of Economics and Financial Issues: Vol. 12 No. 2 (2022) Kazeem Abimbola Sanusi, Zandri Dickason-Koekemoer, Cryptocurrency Returns, Cybercrime and Stock Market Volatility: GAS and Regime Switching Approaches , International Journal of Economics and Financial Issues: Vol. 12 No. 6 (2022) Zandri Dickason-Koekemoer, Sune Ferreira-Schenk, Constructing a Model for Domain-specific Risk-taking, Life Satisfaction and Risk Tolerance of Investors , International Journal of Economics and Financial Issues: Vol. 12 No. 4 (2022) Thomas Habanabakize , Zandri Dickason-Koekemoer, The Responsiveness of Liquid Fuel Price towards COVID-19 and Exchange Rate Fluctuations , International Journal of Economics and Financial Issues: Vol. 12 No. 6 (2022) Thomas Habanabakize, Zandri Dickason-Koekemoer, Investment, Exchange Rate and Exports Nexus within the South African Automotive Industry , International Journal of Economics and Financial Issues: Vol. 13 No. 3 (2023) Make a Submission Make a Submission Dergi Kapağı

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