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

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Year of publication:	2008
Authors:	Afonso, António ; Rault, Christophe
Publisher:	[S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Bulletin, Vol. 3 No. 63, pp. 1-9, 2007 Volltext nicht verfügbar
Classification:	C23 - Models with Panel Data ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H62 - Deficit; Surplus
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014222681