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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we …-run relation between expenditures and revenues in a cointegration analysis within each Land. The results provide evidence against …