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We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the period 1970-2016. Panel unit root tests in the presence of cross-section dependence show that the Government debt series is stationary, indicating that the solvency condition would...
Persistent link: https://www.econbiz.de/10012909014
We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the period 1970-2016. Panel unit root tests in the presence of cross-section dependence show that the government debt series is stationary, indicating that the solvency condition would...
Persistent link: https://www.econbiz.de/10012909021
Lo scopo di questo lavoro è valutare empiricamente la relazione tra dimensione pubblica e crescita economica. Utilizzando metodologie di serie temporali applicate a dati annuali per l'Italia, vengono analizzati gli effetti della spesa pubblica, della disoccupazione e delle riforme fiscali...
Persistent link: https://www.econbiz.de/10013075311
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We assess the sustainability of fiscal policy in the EU-28 countries over the 1980-2015 years. Panel unit root tests in presence of cross-sectional dependence show that government revenues, expenditures, the primary balance, and debt are non-stationary series. However, cointegration tests reveal...
Persistent link: https://www.econbiz.de/10012909013
Persistent link: https://www.econbiz.de/10012389024
In this paper, we analyse the relationship between public primary deficit and debt for Italian sustainability over the 1862–2013 years. Our empirical strategy uses the wavelet analysis. The empirical evidence suggests the presence of a substantial fiscal sustainability in the long run for...
Persistent link: https://www.econbiz.de/10012033890