Should we care for structural breaks when assessing fiscal sustainability?

Antonio Afonso and Christophe Rault

No wp902, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: We apply recent panel cointegration methods to a structural equation between government expenditure and revenue. Allowing for multiple endogenous breaks and after computing appropriate bootstrap critical values, we conclude for fiscal sustainability in the overall EU15 panel.

Keywords: fiscal sustainability; EU; panel cointegration. (search for similar items in EconPapers)
JEL-codes: C23 E62 H62 (search for similar items in EconPapers)
Pages: pages
Date: 2008-11-01
New Economics Papers: this item is included in nep-eec and nep-mac
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Should we Care for Structural Breaks When Assessing Fiscal Sustainability? (2008)
Journal Article: Should we care for structural breaks when assessing fiscal sustainability? (2007)
Working Paper: Should we Care for Structural Breaks when Assessing Fiscal Sustainability? (2007)
Working Paper: Should we care for structural breaks when assessing fiscal sustainability (2007)
Working Paper: Should we care for Structural Breaks when Assessing Fiscal Substainability (2007)
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