Should we Care for Structural Breaks When Assessing Fiscal Sustainability?

We apply recent panel cointegration methods to a structural equation between government expenditure and revenue. Allowing for multiple endogenous breaks and after computing appropriate bootstrap critical values, we conclude for fiscal sustainability in the overall EU15 panel.

MoreLess

Year of publication:	2008-01
Authors:	Afonso, António ; Rault, Christophe
Institutions:	ISEG - School of Economics and Management, Department of Economics, University of Lisbon
Subject:	fiscal sustainability \| EU \| panel cointegration

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Working Papers Department of Economics.
Type of publication:	Book / Working Paper
Notes:	Number 2008/01
Classification:	C23 - Models with Panel Data ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H62 - Deficit; Surplus
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593048