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Analyzing the Fiscal Process under a Stochastic Environment: Evidence from Egypt

Author

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  • Amir Kia

    () (Finance and Economics Department, Utah Valley University)

  • Norman Gardner

Abstract

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.

Suggested Citation

  • Amir Kia & Norman Gardner, 2009. "Analyzing the Fiscal Process under a Stochastic Environment: Evidence from Egypt," Working Papers 475, Economic Research Forum, revised Mar 2009.
  • Handle: RePEc:erg:wpaper:475
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    References listed on IDEAS

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