The paper attempts to estimate the primary surplus requirement for debt sustainability in Turkey, taking into … rate factor is taken up during the estimation of the real interest rate in TL, on FX-related debt. The debt sustainability … issue is evaluated by comparing the estimated primary surplus-to-GNP ratios required for debt sustainability, with the …

. Our estimation results indicate that defence expenditures and external debt for Turkey are cointegrated. To test for …The causal relationship between defence expenditures and external debt is investigated by applying a multivariate model … results for Turkey over the period 1955-2000 suggest a long run and short run unidirectional causality running from defence …

interest costs. The modelresults suggest that the postponement of adjustment to growing public debt and fiscal imbalances could …

This study examines the fiscal sustainability of SAARC and Asian Growth-Triangle countries using Fisher and IPS tests … ratios, between, i) the debt and primary surplus, and ii) government expenditure and revenues. Both models show consistent … high-income countries. This also indicates that the fiscal policy can be sustainable (non-sustainable) even for the debt …

This study examines the fiscal sustainability of SAARC and Asian Growth-Triangle countries using Fisher and IPS tests … ratios, between, i) the debt and primary surplus, and ii) government expenditure and revenues. Both models show consistent … high-income countries. This also indicates that the fiscal policy can be sustainable (non-sustainable) even for the debt …

This paper provides evidence on the debt limits and fiscal space for some Latin American emerging economies under the … suggest, for instance, that the Colombian public debt limit would be close to 68% of GDP and that the fiscal space-the gap … between the current debt level and the estimated debt limit-would reach 16 percentage points. Among the other Latin American …

This paper assesses debt sustainability in Guatemala. Debt stability has been achieved at very low expenditure levels …

The aim of the study is to assess fiscal sustainability in the Czech Republic, Hungary and Poland and to test for … Hungary may be caused, however, by a one-time reduction in debt resulting from changes in pension system. …

This paper re-assesses findings of the literature that the systematic debt stabilising response in fiscal policy has … been sufficiently strong for keeping debt ratios on a sustainable path in Euro area countries. In doing so, it adjusts the … towards net and gross debt are comparable. After 1993, the reaction to net debt weakens while policies react more strongly to …