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Fiscal Sustainability and Competitiveness: Definitions, Issues, and Measures

In: Fiscal Sustainability and Competitiveness in Europe and Asia

Author

Listed:
  • Ramkishen S. Rajan

    (Asia Competitiveness Institute (ACI)
    National University of Singapore
    George Mason University)

  • Tan Khee Giap

    (Asia Competitiveness Institute (ACI)
    National University of Singapore)

  • Tan Kong Yam

    (Asia Competitiveness Institute (ACI)
    Nanyang Technological University)

Abstract

This chapter explores the issue of fiscal sustainability and the nexus between public debt and export competitiveness with applications to selected European and Asian economies. The next section briefly outlines some analytical concepts relating to fiscal sustainability as well as their practical limitations. Section 2.2 directly links the issue of export competitiveness with fiscal sustainability and focuses on empirical estimates of debt thresholds. Section 2.3 uses the estimates derived to ascertain the extent of fiscal space or lack thereof in a set of country case studies in Europe and Asia. Section 2.4 concludes.

Suggested Citation

  • Ramkishen S. Rajan & Tan Khee Giap & Tan Kong Yam, 2014. "Fiscal Sustainability and Competitiveness: Definitions, Issues, and Measures," Palgrave Macmillan Books, in: Fiscal Sustainability and Competitiveness in Europe and Asia, chapter 2, pages 4-26, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-40697-2_2
    DOI: 10.1057/9781137406972_2
    as

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