In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing … reaction to increasing debt levels in the West German Laender panel. …

In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing … reaction to increasing debt levels in the West German Laender panel. …

In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing … reaction to increasing debt levels in the West German Laender panel. …

, international trade and economic activity for the 16 German federal states (Länder). With panel data econometrics we show that …

generation” panel techniques that control for correlation among the Laender. A unique identification strategy for the selection …

This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a … newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability … by applying "gsecond generation" panel cointegration techniques. A unique identification strategy for the selection of …

. Our further contribution to the literature is that next to the usual panel data models such as pooled and within models we … advantage of the panel dimension, given the short sample for which the data are available, and hence gain efficiency and …