Fiscal Sustainability Analysis: The Case of PALOP Economies

Antonio Afonso, Emanuel Reis Leão,, Dilson Tiny, and Diptes Bhimjee

No 2017/14, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: The Global Financial Crisis has typically led to a significant widening of fiscal positions (i.e., higher budget deficits and public debt). We address the sustainability of public finances in Portuguese-speaking African countries (PALOP), through adequate econometric testing. Our findings for the period 1975-2015 suggest that most of the PALOP have compromised the sustainability of their corresponding fiscal positions, leading these economies to be set on unsustainable public finance trajectories. Key Words: Debt Sustainability, Global Financial Crisis, Fiscal Policy, PALOP

JEL-codes: C22 E62 H62 (search for similar items in EconPapers)
Date: 2017-07
New Economics Papers: this item is included in nep-mac
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