An efficient test of fiscal sustainability
AbstractWe suggest using the efficient test with prespecified cointegration vectors of Horvath and Watson (1995) for the 'strong' fiscal sustainability hypothesis. Unlike this procedure, conventional methodologies tend to penalize the sustainability hypothesis.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 17 (2010)
Issue (Month): 18 ()
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Web page: http://www.tandfonline.com/RAEL20
Other versions of this item:
- Vasco Gabriel & Pataaree Sangduan, 2010. "An Efficient test of Fiscal Sustainability," School of Economics Discussion Papers, School of Economics, University of Surrey 1110, School of Economics, University of Surrey.
- Vasco J. Gabriel & Pataaree Sangduan, 2010. "An Efficient Test of Fiscal Sustainability," NIPE Working Papers, NIPE - Universidade do Minho 32/2010, NIPE - Universidade do Minho.
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
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- Ricardo M. Sousa, 2010. "Collateralizable Wealth, Asset Returns, and Systemic Risk: International Evidence," NIPE Working Papers, NIPE - Universidade do Minho 15/2010, NIPE - Universidade do Minho.
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