Fiscal Sustainability and Competitiveness: Definitions, Issues, and Measures

Ramkishen Rajan, Tan Khee Giap and Tan Kong Yam
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Tan Khee Giap: Asia Competitiveness Institute (ACI)
Tan Kong Yam: Asia Competitiveness Institute (ACI)

Chapter 2 in Fiscal Sustainability and Competitiveness in Europe and Asia, 2014, pp 4-26 from Palgrave Macmillan

Abstract: Abstract This chapter explores the issue of fiscal sustainability and the nexus between public debt and export competitiveness with applications to selected European and Asian economies. The next section briefly outlines some analytical concepts relating to fiscal sustainability as well as their practical limitations. Section 2.2 directly links the issue of export competitiveness with fiscal sustainability and focuses on empirical estimates of debt thresholds. Section 2.3 uses the estimates derived to ascertain the extent of fiscal space or lack thereof in a set of country case studies in Europe and Asia. Section 2.4 concludes.

Keywords: Real Exchange Rate; Real Interest Rate; Public Debt; European Central Bank; Real Effective Exchange Rate (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-40697-2_2

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DOI: 10.1057/9781137406972_2

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