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Ricardian Equivalence and Lucas Critique: An Alternative Test of Ricardian Equivalence Using Super Exogeneity Tests in Simulated Series

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Author Info

  • Adolfo Sachsida

    (Institute for Applied Economic Research (IPEA), Brazil)

  • Fabio Carlucci Walnut

    (University of Brasília (UnB), Brazil)

  • Mario Jorge Cardoso de Mendonça

    (Institute for Applied Economic Research (IPEA), Brazil)

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    Abstract

    This article considers an alternative methodology nested on super exogeneity tests to verify the occurrence of Ricardian quivalence. The advantage of this new procedure is based on the intuitive appeal and the statistical procedure, more appropriated than the econometric techniques previously adopted in this literature.

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    File URL: http://www.anpec.org.br/revista/vol11/vol11n4p15-26.pdf
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    Bibliographic Info

    Article provided by ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics] in its journal Economia.

    Volume (Year): 11 (2010)
    Issue (Month): 4 ()
    Pages: 15_26

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    Handle: RePEc:anp:econom:v:11:y:2010:i:4:15_26

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    Related research

    Keywords: Ricardian Equivalence; Lucas Critic; Public Debt; Super Exogeneity Tests;

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