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Fiscal sustainability: a panel assessment for advanced economies
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Autores
Orientador(es)
Resumo(s)
We assess the sustainability of public finances in OECD countries using
panel unit root and cointegration analyses. Results show no cointegration
(no sustainability) between revenues and expenditures, improvement of
the primary balances after worsening debt ratios and causality from
government debt to primary balances.
Descrição
Palavras-chave
Debt Primary Balance Stationarity Panel Analysis FMOLS
Contexto Educativo
Citação
Afonso, António and João Tovar Jalles.(2015). "Fiscal sustainability: a panel assessment for advanced economies". Applied Economics Letters, Vol. 22, No.11: pp. 925-929.
Editora
Taylor & Francis Group