FISCAL SUSTAINABILITY ASSESSMENT: A PANEL DATA APPROACH FOR CEE COUNTRIES

Ana-Maria Sandica ()

Revista Economica, 2012, vol. Supplement, issue 1, 728-733

Abstract: The study assesses the sustainability of public finance in CEE countries using stationary and cointegration analysis. The intertemporal relationship between government expenditures and revenues in a time-frame over the period 2000-2011 has been realized using the ARDL model for each country of those four. In order to determine fiscal sustainability in the region, a panel cointegration has been performed and the main results are that there is an evidence of a cointegration, thus a fiscal synchronization.

Date: 2012
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