Please use this identifier to cite or link to this item:

TitleAssessing long-term fiscal developments : evidence from Portugal
Author(s)Afonso, António
Sousa, Ricardo M.
KeywordsFiscal deterioration
Issue dateJan-2011
JournalApplied Economics Letters
Citation"Applied Economics Letters". ISSN 1350-4851. 18:1 (Jan. 2011) 1-5.
Abstract(s)We use a 3SLS method and a system of equations to recursively estimate two components of fiscal policy – responsiveness and persistence – and to infer about the sources of fiscal deterioration (improvement). Using quarterly data, the results suggest that: (i) government spending exhibits higher persistence than government revenue; and (ii) government revenue is more responsive to the business cycle than government spending, pointing to fiscal deterioration issues.
Publisher version
AccessOpen access
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

Files in This Item:
File Description SizeFormat 
Assessing Long_Term Fiscal Developments_ Evidence.pdfAssessing Long-Term Fiscal Developments: Evidence85,2 kBAdobe PDFView/Open

Partilhe no FacebookPartilhe no TwitterPartilhe no DeliciousPartilhe no LinkedInPartilhe no DiggAdicionar ao Google BookmarksPartilhe no MySpacePartilhe no Orkut
Exporte no formato BibTex mendeley Exporte no formato Endnote Adicione ao seu ORCID