Unit roots, structural breaks and cointegration in the UK public finances, 1750-2004

In this article, we report results from several traditional and more recently developed unit root and cointegration tests, allowing for structural breaks, which indicate that UK government revenue and spending during 1750-2004 were I(1) series and cointegrated, and that the UK public finances have been on a consistently sustainable path over the long run.

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Year of publication:	2011
Authors:	Lusinyan, Lusine ; Thornton, John
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 43.2011, 20, p. 2583-2592
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009279679