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Fiscal Policy Sustainability In Romania

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Author Info

  • Ioan Talpos

    ()
    (West University of Timisoara)

  • Cosmin Enache

    ()
    (West University of Timisoara)

Abstract

The paper is focused on aspects regarding fiscal policy sustainability inRomania. Analyzing the theoretical foundations of fiscal policy sustainability it could beidentified a methodology for econometric tests to be carried out and to put forward de factopublic debt long-run situation at the country level. In this direction, we carried outstationarity tests for the stock of the gross public debt and cointegration tests for the publicrevenues end public expenditures flows for the case of Romania.

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File URL: http://oeconomica.uab.ro/upload/lucrari/1020081/23.pdf
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Bibliographic Info

Article provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.

Volume (Year): 1 (2008)
Issue (Month): 10 ()
Pages: 23

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Handle: RePEc:alu:journl:v:1:y:2008:i:10:p:23

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Related research

Keywords: fiscal policy; sustainability; stationarity tests; cointegration tests;

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  1. Willem H. Buiter & K.M. Kletzer, 1994. "Ponzi Finance, Government Solvency and the Redundancy or Usefulness of Public Debt," Cowles Foundation Discussion Papers 1070, Cowles Foundation for Research in Economics, Yale University.
  2. António Afonso, 2005. "Fiscal Sustainability: The Unpleasant European Case," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 61(1), pages 19-, March.
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