An efficient test of fiscal sustainability
| dc.contributor.author | Gabriel, Vasco J. | |
| dc.contributor.author | Sangduan, Pataaree | |
| dc.date.accessioned | 2011-02-07T13:15:46Z | |
| dc.date.available | 2011-02-07T13:15:46Z | |
| dc.date.issued | 2010 | |
| dc.description.abstract | We suggest a multivariate efficient test of the 'strong' fiscal sustainability hypothesis, based on Horvath and Watson's (1995) cointegration test when cointegration vectors are pre-specified. Using data for a set of developed and developing economies, we show that, unlike our procedure, conventional methodologies tend to penalize the sustainability hypothesis. | por |
| dc.description.sponsorship | Fundação para a Ciência e a Tecnologia (FCT) | por |
| dc.identifier.citation | “NIPE Working Paper”. 32 (2010) 1-14. | por |
| dc.identifier.uri | https://hdl.handle.net/1822/11659 | |
| dc.language.iso | eng | por |
| dc.publisher | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) | por |
| dc.rights | openAccess | por |
| dc.subject.jel | C: Mathematical and Quantitative Methods::C3: Multiple or Simultaneous Equation Models • Multiple Variables::C32: Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes • State-Space Models | |
| dc.subject.jel | E: Macroeconomics and Monetary Economics::E6: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook::E62: Fiscal Policy • Modern Monetary Theory | |
| dc.subject.jel | H: Public Economics::H6: National Budget, Deficit, and Debt::H60: General | |
| dc.title | An efficient test of fiscal sustainability | por |
| dc.type | workingPaper | por |
| dspace.entity.type | Publication | en |
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