haku: @author Uctum, R. / yhteensä: 1
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| Tekijä: | Uctum, M. Thurston, T. Uctum, R. |
| Otsikko: | Public debt, the unit root hypothesis and structural breaks: A multi-country analysis |
| Lehti: | Economica
2006 : FEB, VOL. 73:289, p. 129-156 |
| Asiasana: | public finance debt models Asia Latin america |
| Vapaa asiasana: | G7 countries |
| Kieli: | eng |
| Tiivistelmä: | This study investigates fiscal performances in G7 countries and selected Latin American and Asian countries. Two questions are considered: i. Have public finances been sustainable? and ii. Do countries follow more restrictive fiscal policies when debt starts to rise? It is found that: i. the traditional unit root tests often overlook the corrective actions taken by many governments etc., ii. estimation of a reaction function for governments, expanded by incorporating structural breaks, provides further evidence for significant active anti-debt policies among G7 countries, and to a lesser extent in the other regions. |
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