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Publicação
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; causality from government debt to primary balances.
Descrição
Palavras-chave
Debt Primary Balance Stationarity Panel Analysis FMOLS
Contexto Educativo
Citação
Afonso, António e João Tovar Jalles .2015. "Fiscal sustainability : a panel assessment for advanced economies ". Instituto Superior de Economia e Gestão. DE Working papers nº 5-2015/DE/UECE
Editora
ISEG – Departamento de Economia