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 …

provides a unique opportunity to test whether sustainability tests produce what they ought to produce: We know that the Greek … debt is unsustainable, so do the sustainability tests show the same? We use several common approaches such as Johansen … for the non-performance of the sustainability tests may be that they do not include information provided by rating …

sustainability of persistent budget and trade deficits as well as possible interactions between them. These deficits are most crucial … series evidence over the period 1960 up to 2007, using data of the Greek Economy. Our results confirm 'weak' sustainability …

sustainability of persistent budget and trade deficits as well as possible interactions between them. These deficits are most crucial … series evidence over the period 1960 up to 2007, using data of the Greek Economy. Our results confirm weak sustainability of …

We analyze the sustainability of public finances in the 16 states (Laender) of the Federal Republic of Germany using an … explore their long‐run relation in cointegration analyses for each Land we extend the existing literature. The results provide … evidence against strict fiscal sustainability in a majority of German Laender. A notable exception to this finding is Bavaria. …

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 …

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 …

primary balance. The sustainability exercise also showed that fiscal policy is sustainable. However, it is found that this … sustainability was not a result of appropriate fiscal policy. While factors outside of the Governments control worsened the primary …