Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/11659

TitleAn efficient test of fiscal sustainability
Author(s)Gabriel, Vasco J.
Sangduan, Pataaree
Issue date2010
PublisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
Citation“NIPE Working Paper”. 32 (2010) 1-14.
Abstract(s)We suggest a multivariate efficient test of the 'strong' fiscal sustainability hypothesis, based on Horvath and Watson's (1995) cointegration test when cointegration vectors are pre-specified. Using data for a set of developed and developing economies, we show that, unlike our procedure, conventional methodologies tend to penalize the sustainability hypothesis.
TypeWorking paper
URIhttp://hdl.handle.net/1822/11659
AccessOpen access
Appears in Collections:NIPE - Documentos de Trabalho

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