Fiscal sustainability of the German Laender : time series evidence

Heiko T. Burret, Lars P. Feld und Ekkehard A. Köhler

We analyze the sustainability of public finances in the 16 states (Laender) of the Federal Republic of Germany using an unprecedentedly comprehensive fiscal dataset covering the period from 1950 to 2011 for West German Laender and from 1991 to 2011 for East German Laender. As we apply unit root and stationarity tests not only on debt but also on expenditure and revenue and explore their long‐run relation in cointegration analyses for each Land we extend the existing literature. The results provide evidence against strict fiscal sustainability in a majority of German Laender. A notable exception to this finding is Bavaria.

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Year of publication:	2015
Authors:	Burret, Heiko T. ; Feld, Lars P. ; Köhler, Ekkehard A.
Publisher:	Freiburg [i. Br.] : Inst. für Allg. Wirtschaftsforschung, Abt. für Wirtschaftspolitik
Subject:	Fiscal Sustainability \| Federalism \| Unit Root \| Cointegration \| Public Debt \| Öffentliche Schulden \| Public debt \| Deutschland \| Germany \| Zeitreihenanalyse \| Time series analysis \| Kointegration \| Nachhaltigkeit \| Sustainability \| Finanzpolitik \| Fiscal policy \| Einheitswurzeltest \| Unit root test \| Haushaltskonsolidierung \| Fiscal consolidation \| Schätzung \| Estimation

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Extent:	Online-Ressource (28 S.) graph. Darst., Kt.
Series:	Freiburger Diskussionspapiere zur Ordnungsökonomik. - Freiburg : [Verlag nicht ermittelbar], ZDB-ID 2139835-5. - Vol. 15/11
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/125450 [Handle]
Classification:	H62 - Deficit; Surplus ; H77 - Intergovernmental Relations; Federalism ; H72 - State and Local Budget and Expenditures
Source:	ECONIS - Online Catalogue of the ZBW

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