Rault, Christophe; Alfonso, Antonio - William Davidson Institute, University of Michigan - 2007
structural breaks. We also apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee … breaks. We
also apply modern panel cointegration techniques developed by Pedroni (1999, 2004),
generalized by Banerjee and … constraint, fiscal sustainability, EU, panel unit root,
panel cointegration.
JEL Classification Numbers: C23, E62, H62, H63 …