Analyzing the Fiscal Process under a Stochastic Environment: Evidence from Egypt

Amir Kia () and Norman Gardner
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Amir Kia: Finance and Economics Department, Utah Valley University

No 475, Working Papers from Economic Research Forum

Abstract: This paper investigates the sustainability of the fiscal budgeting process for Egypt, for both stochastic and non-stochastic environments. Both cointegration and multicointegration methodologies were used to evaluate these processes. It was found that the fiscal budgeting process in Egypt is not sustainable in either environment.

Pages: 16 pages
Date: 2009-03, Revised 2009-03
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Published by The Economic Research Forum (ERF)

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