EconPapers    
Economics at your fingertips  
 

Fiscal shocks and budget balance persistence in the EU countries from Central and Eastern Europe

Juan Cuestas and Karsten Staehr ()

Applied Economics, 2013, vol. 45, issue 22, 3211-3219

Abstract: This article analyses the time series properties of the fiscal balance in the 10 EU countries from Central and Eastern Europe. The persistence of the fiscal balance is analysed by means of unit root tests that account for possible nonlinearities and structural changes. The linear and nonlinear unit root tests find only mild evidence in favour of the stationarity hypothesis, with asymmetric effects present in a few cases. After controlling for structural changes in the Data Generation Processes (DGPs), the results point to stationarity of the series. Thus, in spite of relatively steady headline figures, the budget balance processes in the EU countries from Central and Eastern Europe exhibit substantial instability.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2012.703316 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Fiscal shocks and budget balance persistence in the EU countries from Central and Eastern Europe (2011) Downloads
Working Paper: Fiscal shocks and budget balance persistence in the EU countries from Central and Eastern Europe (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:45:y:2013:i:22:p:3211-3219

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2012.703316

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-22
Handle: RePEc:taf:applec:v:45:y:2013:i:22:p:3211-3219