IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/49376.html
   My bibliography  Save this paper

La END, el plan nacional plurianual del sector público y la sostenibilidad fiscal en la República Dominicana
[The Dominican National Development Strategy (END), the National Multi-Year Public Sector Plan (PNPSP) and fiscal sustainability in the Dominican Republic]

Author

Listed:
  • Cruz-Rodriguez, Alexis

Abstract

In this paper we evaluate the fiscal sustainability of the Dominican Republic using the recursive algorithm proposed by Croce and Juan-Ramón (2003). The results indicate that the Dominican economy shows an unsustainable fiscal position in much of the period, but for the years 2014-2016 would be conducting a fiscal policy that is consistent with the convergence of the debt-to-GDP ratio to sustainable levels as required by PNPSP and END.

Suggested Citation

  • Cruz-Rodriguez, Alexis, 2013. "La END, el plan nacional plurianual del sector público y la sostenibilidad fiscal en la República Dominicana
    [The Dominican National Development Strategy (END), the National Multi-Year Public Secto
    ," MPRA Paper 49376, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:49376
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/49376/1/MPRA_paper_49376.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Henning Bohn, 1998. "The Behavior of U. S. Public Debt and Deficits," The Quarterly Journal of Economics, Oxford University Press, vol. 113(3), pages 949-963.
    2. Jocelyn Horne, 1991. "Indicators of Fiscal Sustainability," IMF Working Papers 91/5, International Monetary Fund.
    3. Enrique G. Mendoza & P. Marcelo Oviedo, 2006. "Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer," NBER Working Papers 12586, National Bureau of Economic Research, Inc.
    4. John C. Cox & Jonathan E. Ingersoll Jr. & Stephen A. Ross, 2005. "A Theory Of The Term Structure Of Interest Rates," World Scientific Book Chapters,in: Theory Of Valuation, chapter 5, pages 129-164 World Scientific Publishing Co. Pte. Ltd..
    5. Paunovic, Igor, 2005. "Sostenibilidad de la deuda pública en los países norteños de América Latina," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    6. Hamilton, James D & Flavin, Marjorie A, 1986. "On the Limitations of Government Borrowing: A Framework for EmpiricalTesting," American Economic Review, American Economic Association, vol. 76(4), pages 808-819, September.
    7. Bohn, Henning, 2007. "Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint?," Journal of Monetary Economics, Elsevier, vol. 54(7), pages 1837-1847, October.
    8. Martner Fanta, Ricardo & Tromben, Varinia, 2004. "La sostenibilidad de la deuda pública," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fiscal sustainability; public debt; primary surplus;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    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:pra:mprapa:49376. 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: (Joachim Winter) or (Rebekah McClure). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.