We apply non-linear error-correction models to the empirical testing of the sustainability of the government … tax rate adjusts faster the farther away it is from the equilibrium. -- intertemporal budget constraint ; sustainability …

The sustainability of the Nigerian fiscal deficit along with the role of the dynamics of government revenues and … budget deficit sustainability in the country. …

This paper assesses the fiscal sustainability hypothesis for 10 Central and Eastern European countries (CEEC) between … the sustainability hypothesis. As a next step, we discriminate between structural and cyclical components of revenues and … have a long-run relationship however with a slope coefficient less than unity which implies sustainability in the weaker …

This paper assesses the fiscal sustainability hypothesis for 10 Eastern and Central European countries (CEEC) between … the sustainability hypothesis. As a next step, we discriminate between structural and cyclical components of revenues and … have a long-run relationship however with a slope coefficient less than unity which implies sustainability in the weaker …

public debt, (2) tracking the evolution of the debt-to-GDP ratio in the next half-decade through standard debt sustainability …

two countries, Belgium and Germany. The paper at hand documents the process and presents simulation results for the case …