Long-term Issues for Fiscal Sustainability in Emerging Asia

Masahiro Kawai () and Peter Morgan

No 432, ADBI Working Papers from Asian Development Bank Institute

Abstract: The aftermath of the global financial crisis of 2007–08 underlined the importance of maintaining fiscal space and fiscal sustainability. Even though many Asian economies implemented fiscal stimulus policies during the crisis period, their fiscal conditions generally improved rapidly thereafter, and their overall government debt positions, aside from that of Japan, appear strong. Nonetheless, there are a number of reasons to believe that conditions in emerging Asian economies will not always be so supportive. The first objective of this paper is to identify long-term issues of fiscal sustainability risk for emerging Asian economies. The second objective is to recommend policies to reduce these risks to sustainability.

Keywords: fiscal space; fiscal sustainability; emerging asia; emerging asian economies; global financial crisis; fiscal stimulus policies; government debt (search for similar items in EconPapers)
JEL-codes: H20 H51 H54 H55 H62 H63 J11 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2013-08-20
New Economics Papers: this item is included in nep-cwa and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Long-term Issues for Fiscal Sustainability in Emerging Asia (2013)
Working Paper: Long-term Issues for Fiscal Sustainability in Emerging Asia (2013)
Working Paper: Long-term Issues for Fiscal Sustainability in Emerging Asia (2013)
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