Should we care for structural breaks when assessing fiscal sustainability?

Christophe Rault () and Antonio Afonso ()

Economics Bulletin, 2007, vol. 3, issue 63, pages 1-9

Abstract: We apply recent panel cointegration methods to a structural equation between government expenditure and revenue. Allowing for multiple endogenous breaks and after computing appropriate bootstrap critical values, we conclude for fiscal sustainability in the overall EU15 panel.We apply recent panel cointegration methods to a structural equation between government expenditure and revenue. Allowing for multiple endogenous breaks and after computing appropriate bootstrap critical values, we conclude for fiscal sustainability in the overall EU15 panel.

JEL-codes: C2 C6 (search for similar items in EconPapers)
Date: 2007 Written 2007-11-30
View list of references View citations in EconPapers

Downloads: (external link)
http://economicsbulletin.vanderbilt.edu/2007/volume3/EB-07C20154A.pdf (application/pdf)

Related works:
Working Paper: Should we Care for Structural Breaks When Assessing Fiscal Sustainability? (2008)
Working Paper: Should we care for structural breaks when assessing fiscal sustainability? (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this article

More articles in Economics Bulletin from Economics Bulletin
Address: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
Series data maintained by John Conley ().