Analyzing Fiscal Sustainability in Latin American Countries: A Time–Frequency Perspective

Nini Johana Marín-Rodríguez (), Juan David Gonzalez-Ruiz and Alejandro Peña
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Nini Johana Marín-Rodríguez: Grupo de Investigación en Ingeniería Financiera GINIF, Programa de Ingeniería Financiera, Facultad de Ingenierías, Universidad de Medellín, Medellin 050026, Colombia
Juan David Gonzalez-Ruiz: Grupo de Investigación en Finanzas y Sostenibilidad, Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia, Sede Medellín, Medellin 050034, Colombia
Alejandro Peña: Información y Gestión, Universidad EAFIT, Medellin 050022, Colombia

Economies, 2024, vol. 12, issue 5, 1-17

Abstract: This study examines fiscal sustainability in Latin American countries from a unique time–frequency perspective, focusing on Brazil, Chile, Colombia, Peru, and Mexico from 1997 to 2022. Using wavelet coherence analysis, it uncovers dynamic relationships between government revenue and expenditure over different time horizons, revealing varying causality patterns across countries and periods. The findings underscore the importance of balanced fiscal planning and resource allocation to ensure fiscal sustainability and support economic growth. This research contributes to a deeper understanding of Latin America’s economic landscape and provides valuable insights for policymakers, economists, and stakeholders concerned with the region’s economic stability and development.

Keywords: fiscal sustainability; wavelet analysis; economic stability; fiscal policy; economics (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:12:y:2024:i:5:p:111-:d:1390382

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