Was Swiss federal fiscal policy sustainable over the period from 1900 to 2002? We perform unit root and cointegration … sustainability over the entire period. However, splitting the sample into two sub-samples before and after World War II, the results … do much less support sustainability. Finally, applying the tax smoothing model of BARRO (1979), we show that cyclical …

anecdotal historical analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and … cointegration and the estimation of Vector Autoregression (VAR) and Vector Error Correction Models (VECM). While we cannot reject … rejection of the hypothesis of fiscal sustainability for the period from 1950 to 2010.This evidence leads to the conclusion that …

The aim of the study is to assess fiscal sustainability in the Czech Republic, Hungary and Poland and to test for … conducted using unit root tests and cointegration analysis with possible structural breaks. The approach is consistent with so …

In this study, we analyse the sustainability of fiscal policy of EU member countries within the panel cointegration and … error-correction frameworks. Unlike the previous empirical papers in this area, we apply the test for panel cointegration … between the primary budget deficit and the public debt defined in GDP ratios. Based on the cointegration test results, we …

analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and cointegration and the … debt crisis has prompted a fundamental re-evaluation of public debt sustainability and the looming threat of sovereign debt …'s peacetime debt-to-GDP (Gross Domestic Product) ratio has never been higher. In this paper, we analyse the sustainability of …

debt crisis has prompted a fundamental re‐evaluation of public debt sustainability and the looming threat of sovereign debt …'s peacetime debt‐to‐GDP (Gross Domestic Product) ratio has never been higher. In this paper, we analyse the sustainability of … anecdotal his‐torical analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and …

panel data econometric estimators, this article examines the issue of fiscal sustainability for a group of 10 Caribbean … countries over the period 1991-2017. The evidence from panel co-integration models of government revenue and expenditure shows … that past fiscal behavior is “weakly” sustainable. The “weak sustainability” finding is reinforced by evidence from an …

We assess the sustainability of public finances in OECD countries, over the period 1970-2010, using unit root and … cointegration analysis, both country and panel based, controlling for endogenous breaks. Results notably show: lack of cointegration … – absence of sustainability – between government revenues and expenditures for most countries (except for Austria, Canada …

cointegration model reveal that the public domestic debt in Egypt has a robust negative impact on growth. The sustainability of debt … fears are being express about the debt sustainability. Utilizing data for the period 1981-2006, the results obtained from …