Fiscal sustainability: a panel assessment for advanced economies

António Afonso, João Tovar Jalles

Research output: Contribution to journalArticlepeer-review

24 Citations (Scopus)

Abstract

We assess the sustainability of public finances in OECD countries using panel unit root and cointegration analyses. Results show no cointegration (no sustainability) between revenues and expenditures, improvement of the primary balances after worsening debt ratios and causality from government debt to primary balances.

Original languageEnglish
Pages (from-to)925-929
Number of pages5
JournalApplied Economics Letters
Volume22
Issue number11
DOIs
Publication statusPublished - 24 Jul 2015

Keywords

  • debt
  • FMOLS
  • panel analysis
  • primary balance
  • stationarity

Fingerprint

Dive into the research topics of 'Fiscal sustainability: a panel assessment for advanced economies'. Together they form a unique fingerprint.

Cite this