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The nexus between economic freedom and economic growth in the LDCs : an empirical analysis for the period 2000-2021

Afonso, António; Blanco-Arana, M. Carmen - 2023

Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those … aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and … economic growth in the Least Developed Countries (LDCs) using panel data for the period 2000-2021. Results show that, in …

Persistent link: https://www.econbiz.de/10014427512

The role of fiscal policy rating variables on economic growth in the LDCs

Afonso, António; Blanco-Arana, M. Carmen - 2024

rating, debt rating and revenue rating) on economic growth in the 46 Least Developed Countries (LDCs) in the world, during … the period 1990-2022. We also investigate the role of key fiscal variables on economic growth (government debt … economic growth. We also find that the influence of government debt and tax revenue can contribute to influence economic growth …

Persistent link: https://www.econbiz.de/10014578575

What do we really know about fiscal sustainability in the EU? : a panel data diagnostic

Afonso, António (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003641707

3-Step analysis of public finances sustainability : the case of the European Union

Afonso, António (contributor); … - 2008

We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF specific panel unit root test to investigate the mean-reverting behaviour of general government expenditures and revenues ratios. Secondly, we apply the bootstrap panel...

Persistent link: https://www.econbiz.de/10003751092

Fiscal sustainability, fiscal reactions, pitfalls and determinants

Afonso, António; Coelho, José Carlos - 2022

-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …

Persistent link: https://www.econbiz.de/10013162289

To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability

Afonso, António; Alves, José; Jalles, João Tovar - 2022

We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a primary balance above or below the...

Persistent link: https://www.econbiz.de/10012938962

Does government spending efficiency improve fiscal sustainability?

Afonso, António; Alves, José - 2022

commitment of increased government outputs can lead to higher economic growth and the generation of additional government …

Persistent link: https://www.econbiz.de/10013187684

Beyond the centre : tracing decentralization’s influence on time-varying fiscal sustainability

Afonso, António; Alves, José; Jalles, João Tovar; … - 2024

This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels. Results for 185 countries show that while tax...

Persistent link: https://www.econbiz.de/10014543839

Budgetary constrained governments : drivers of time varying fiscal sustainability in OECD countries

Afonso, António; Coelho, José Carlos - 2024

interest rate and the real GDP growth rate (r-g) plays a crucial role in fiscal sustainability, as well as the existence of …

Persistent link: https://www.econbiz.de/10014543858

Determinants of the degree of fiscal sustainability

Afonso, António; Alves, José; Coelho, José Carlos - 2023

We assess the link between fiscal sustainability coefficients, namely the responses of the primary government balance and the global government balance to the debt-to-GDP ratio, and the response of government revenues to government expenditures. For 22 OECD developed countries we use annual data...

Persistent link: https://www.econbiz.de/10013494178