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Assessing fiscal sustainability in some selected countries

Alexis Cruz-Rodriguez

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this article is to assess the sustainability of fiscal policy in 18 developing and emerging countries, using the recursive algorithm developed by Croce and Juan-Ramón (2003). In general, the results suggest that most countries were identified as presenting large unsustainable fiscal positions in the period considered, explained basically by primary fiscal deficits. Interestingly, results for Panama suggest no evidence that officially dollarized countries run more prudent fiscal policies than non-officially dollarized countries.

Keywords: Debt; deficit; fiscal sustainability (search for similar items in EconPapers)
JEL-codes: E62 E63 H62 (search for similar items in EconPapers)
Date: 2014-03-18
New Economics Papers: this item is included in nep-cmp, nep-lam, nep-mac and nep-pbe
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