This paper is a comprehensive review about the concept of sustainability in modern economics. I review the roots for the introduction of the concept, the milestone of new economics and what transformation this has spurred and contributed in modern economics, on the top of that being the...

Thanks to various Fourier DF unit root tests, time-varying fiscal reaction functions and threshold regressions, this study examines the stationarity and the sustainability of public finance for six industrial countries over the period spanning from 1870 to 2017. Longer-run debt sustainability is...