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The dynamics of fiscal policy in Algeria : sustainability and structural change

Chibi, Abderrahim; Chekouri, Sidi Mohammed; … - In: Journal of economic structures : JES; the official … 8 (2019) 28, pp. 1-27

This study focuses on the empirical tests for the sustainability and solvency of fiscal policies in Algeria using a …

Persistent link: https://www.econbiz.de/10012145389

Fiscal sustainability of the German Laender : time series evidence

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014

In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we …-run relation between expenditures and revenues in a cointegration analysis within each Land. The results provide evidence against …

Persistent link: https://www.econbiz.de/10010388609

(Un-)Sustinability of public finances in German Laender : a panel time series approach

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2015

This paper provides evidence that most German states (Laender) have unsustainable public finances by exploiting a newly compiled database covering the years 1950‐2011. Although the Laender are closely intertwined we are the first to apply “second generation” panel techniques that control...

Persistent link: https://www.econbiz.de/10011404634

Fiscal sustainability of the German Laender : time series evidence

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2015

We analyze the sustainability of public finances in the 16 states (Laender) of the Federal Republic of Germany using an … explore their long‐run relation in cointegration analyses for each Land we extend the existing literature. The results provide … evidence against strict fiscal sustainability in a majority of German Laender. A notable exception to this finding is Bavaria. …

Persistent link: https://www.econbiz.de/10011404648

Assessing fiscal sustainability with panel unit root, cointegration, and granger causality tests : evidence from the broader groups of countries

Fir, Nejc - In: Naše gospodarstvo : NG 70 (2024) 3, pp. 1-20

tests, cointegration, and Granger causality test. This paper focuses on assessing the fiscal sustainability of four panels …The question of fiscal sustainability of countries has become one of the central topics in economic policy, especially … in times of increasing public debts. One way to assess fiscal sustainability is to examine compliance with the …

Persistent link: https://www.econbiz.de/10015130392

Fiscal Sustainability of the German Laender Time Series Evidence

Burret, Heiko Tobias - 2014

In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we …‐run relation between expenditures and revenues in a cointegration analysis within each Land. The results provide evidence against …

Persistent link: https://www.econbiz.de/10013047345

Assessing Debt Stationarity and Sustainability in the Longer Run with Fourier DF Unit Root Tests and Time-Varying Fiscal Reaction Functions

Saadaoui, Jamel; Lau, Chi Keung Marco; Cai, Yifei - 2022

study examines the stationarity and the sustainability of public finance for six industrial countries over the period … spanning from 1870 to 2017. Longer-run debt sustainability is not rejected for the UK, Sweden, and for the US. The evidence is …

Persistent link: https://www.econbiz.de/10013292090

Public Debt Stock Sustainability in Selected OECD Countries

Ozkaya, Ata - In: Central Bank Review 13 (2013) 1, pp. 31-49

Among the different criteria used for testing sustainability of public debt, the econometric approach determines … country, while the outcome of test algorithm indicates the sustainability of debt policy, phase-space examination shows that …

Persistent link: https://www.econbiz.de/10010941561

The Janus-faced nature of debt : results from a data-driven cointegrated SVAR approach

Guerini, Mattia; Moneta, Alessio; Napoletano, Mauro; … - 2017

In this paper, we investigate the causal effects of public and private debts on U.S. output dynamics. We estimate a battery of Cointegrated Structural Vector Autoregressive models, and we identify structural shocks by employing Independent Component Analysis, a data-driven technique which avoids...

Persistent link: https://www.econbiz.de/10011598681

Public debt sustainability in Serbia : evidence from transition and the Great Recession

Andric, Vladimir; Arsic, Milojko; Nojkovic, Aleksandra - 2016

We analyze public debt sustainability in Serbia between 2004Q3 and 2014Q3. The results of our analysis are: i) public …

Persistent link: https://www.econbiz.de/10011427576