by applying "gsecond generation" panel cointegration techniques. A unique identification strategy for the selection of … sub-panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable. …

reaction to increasing debt levels in the West German Laender panel. …

transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary …

This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel …

We examine the effect of population size on government size for a panel of 130 countries for the period between 1970 … specified and fail to consider the influence of cross-sectional dependence, non-stationarity and cointegration. Using a panel …

draw from a panel of more than a decade worth of expenditure data from a sample of OECD countries. We use a panel Vector … Auto-regressive (panel-VAR) system that consider the dynamics between the dependent variables. We find that LTC expenditure …