Showing 1 - 8 of 8
The paper advances the log-generalized gamma distribution as a suitable generator of conditional skewness. Based on the NYSE composite daily returns an asMA-asQGARCH model along with skewness dynamics is estimated. The results indicate a skewness that varies between sizeable negative skewness...
Persistent link: https://www.econbiz.de/10011398115
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
Persistent link: https://www.econbiz.de/10012000667
Relying on data for a panel of 90 economies over 1970-2015 and System-GMM estimates, we extend the standard Kuznets-curve empirical framework to investigate how financial development, globalisation and technology affect income inequality. Our findings reveal the presence of significant...
Persistent link: https://www.econbiz.de/10012317667
-national public finance data of the German Laender between 1950 and 2015 and find that their fiscal policy only partly meets fiscal …
Persistent link: https://www.econbiz.de/10011822075
We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long-term relationships between government revenues and expenditures as well as between the primary budget balance and past public debt ratio for the full panel. Performing an expanding...
Persistent link: https://www.econbiz.de/10014543858
We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding window and Schlicht (2003, 2021)'s time-varying approaches to construct the responses of government revenues to government expenditures and the responses of the primary government...
Persistent link: https://www.econbiz.de/10014391313
Persistent link: https://www.econbiz.de/10014287545