Publication
Assessing long-term fiscal development : evidence from Portugal
| dc.contributor.author | Afonso, António | |
| dc.contributor.author | Sousa, Ricardo M. | |
| dc.date.accessioned | 2010-11-19T11:37:40Z | |
| dc.date.available | 2010-11-19T11:37:40Z | |
| dc.date.issued | 2009 | |
| dc.description.abstract | Drawing on quarterly data for Portugal, we use a Three-Stage Least Square 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). 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. | por |
| dc.identifier.citation | Afonso, António e Ricardo M. Sousa. 2009. "Assessing long-term fiscal development : evidence from Portugal". Instituto Superior de Economia e Gestão - DE Working papers nº 3-2009/DE/UECE | por |
| dc.identifier.issn | 0874-4548 | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/2534 | |
| dc.language.iso | eng | por |
| dc.publisher | ISEG – Departamento de Economia | por |
| dc.relation.ispartofseries | DE/ Working papers nº 3-2009/DE/UECE | |
| dc.relation.publisherversion | http://aquila2.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=94326 | por |
| dc.subject | Fiscal Deterioration | por |
| dc.subject | Portugal | por |
| dc.title | Assessing long-term fiscal development : evidence from Portugal | por |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | por |
| rcaap.type | workingPaper | por |