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3-Step Analysis of Public Finances Sustainability : The Case of the European Union
Afonso, António - 2008
specific panel unit root test to investigate the mean-reverting behaviour of general government expenditures and revenues …-sectional dependencies of the regression error. Thirdly, we check for a structural long-run equation between general government expenditures …
Persistent link: https://www.econbiz.de/10012770443
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What Do We Really Know About Fiscal Sustainability in the EU? A Panel Data Diagnostic
Afonso, António; Rault, Christophe - 2021
-i-Silvestre (2006) and Westerlund and Edgerton (2007), to a structural long-run equation between general government expenditures and …
Persistent link: https://www.econbiz.de/10013316576
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Spend-and-tax: A Panel Data Investigation for the EU
Afonso, António; Rault, Christophe - CESifo - 2009
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...
Persistent link: https://www.econbiz.de/10005013057
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Fiscal sustainability and the role of inflation
Afonso, António; Alves, Josée; Matvejevs, Oļegs; … - 2023
Persistent link: https://www.econbiz.de/10014449972