Are the National Public Finances Sustainable in the EU? A Cointegration Analysis

Fiscal sustainability requires that governments respect the intertemporal budget constraint at present value. We test the cointegration between public expenditures and revenues as ratios of GDP as a condition for the sustainability of budgetary policies in the European Union.

MoreLess

Authors:	Silvestre, Antonio Luis ; Bravo, Ana Bela Santos
Institutions:	ISEG - School of Economics and Management, Department of Economics, University of Lisbon
Subject:	public finance \| EU countries \| cointegration

More details

Series:	Working Papers Department of Economics.
Type of publication:	Book / Working Paper
Notes:	Number 1999/09
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005184988