This study examines the fiscal sustainability of SAARC and Asian Growth-Triangle countries using Fisher and IPS tests … of panel unit root and Pedroni test of panel cointegration. The tests are applied to the relationships, in terms of GDP …

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 …

We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We … conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …

We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long … for the full panel. Performing an expanding window analysis, we conclude that the differential between the long-term real … interest rate and the real GDP growth rate (r-g) plays a crucial role in fiscal sustainability, as well as the existence of …

specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the … period 1970-2016. Panel unit root tests in the presence of cross-section dependence show that the government debt series is …