IDEAS home Printed from
   My bibliography  Save this article

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


  • 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)


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.

Suggested Citation

  • Adolfo Sachsida & Fabio Carlucci Walnut & Mario Jorge Cardoso de Mendonça, 2010. "Ricardian Equivalence and Lucas Critique: An Alternative Test of Ricardian Equivalence Using Super Exogeneity Tests in Simulated Series," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 11(4), pages 15-26.
  • Handle: RePEc:anp:econom:v:11:y:2010:i:4:15_26

    Download full text from publisher

    File URL:
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    1. repec:ebl:ecbull:v:11:y:2007:i:3:p:1-5 is not listed on IDEAS
    2. Tito Belchior Siva Moreira, 2007. "A Two-Period Model of Money Laundering and Organized Crime," Economics Bulletin, AccessEcon, vol. 11(3), pages 1-5.
    3. Araujo, Ricardo Azevedo & Moreira, Tito Belchior S., 2004. "A dynamic model of production and traffic of drugs," Economics Letters, Elsevier, vol. 82(3), pages 371-376, March.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. László Kónya & Bekzod Abdullaev, 2015. "Does Ricardian equivalence hold in Australia? A revision based on testing super exogeneity with impulse-indicator saturation," Empirical Economics, Springer, vol. 49(2), pages 423-448, September.

    More about this item


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

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anp:econom:v:11:y:2010:i:4:15_26. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rodrigo Zadra Armond). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.