Analyzing The Fiscal Process Under A Stochastic Environment: Evidence From Egypt
This paper investigates the sustainability of the fiscal budgeting process for Egypt, for both stochastic and non-stochastic environments. Both cointegration and multicointegration methodologies were used to evaluate these processes. It was found that the fiscal budgeting process in Egypt is not sustainable in either environment.
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Paper provided by Economic Research Forum in its series Working Papers
Date of creation:
Mar 2009Date of revision:
Mar 2009Publication status:
Published by The Economic Research Forum (ERF)Handle:
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Postal: 7 Boulos Hanna Street, Dokki, Cairo
Web page: http://www.erf.org.eg
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