Should we care for structural breaks when assessing fiscal sustainability?

Christophe Rault and Antonio Afonso

Economics Bulletin, 2007, vol. 3, issue 63, 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: 2007-11-30
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Citations: View citations in EconPapers (8)

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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)
Working Paper: Should we Care for Structural Breaks when Assessing Fiscal Sustainability? (2007)
Working Paper: Should we care for structural breaks when assessing fiscal sustainability (2007)
Working Paper: Should we care for Structural Breaks when Assessing Fiscal Substainability (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-07c20154

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