Please use this identifier to cite or link to this item: https://hdl.handle.net/1822/11968

TitleAssessing long-term fiscal developments : evidence from Portugal
Author(s)Afonso, António
Sousa, Ricardo M.
KeywordsFiscal deterioration
Portugal
Issue dateJan-2011
PublisherRoutledge
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.
TypeArticle
URIhttps://hdl.handle.net/1822/11968
DOI10.1080/13504850903425090
ISSN1350-4851
Publisher versionhttp://www.informaworld.com/smpp/content~db=all~content=a922759218
Peer-Reviewedyes
AccessOpen access
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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