Afonso, António (contributor); … - 2008
and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … cointegration equations where public
revenues is the dependent variable, is usually less than one. In other words, for the
period …