Fiscal sustainability: a panel assessment for advanced economies

Antonio Afonso and Joao Jalles

Applied Economics Letters, 2015, vol. 22, issue 11, 925-929

Abstract: We assess the sustainability of public finances in OECD countries using panel unit root and cointegration analyses. Results show no cointegration (no sustainability) between revenues and expenditures, improvement of the primary balances after worsening debt ratios and causality from government debt to primary balances.

Date: 2015
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Working Paper: Fiscal Sustainability: A Panel Assessment for Advanced Economies (2015)
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DOI: 10.1080/13504851.2014.987913

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