Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/15127
Título: | Assessing fiscal sustainability subject to policy changes : a Markov switching cointegration approach |
Autor(es): | Gabriel, Vasco J. Sangduan, Pataaree |
Palavras-chave: | Fiscal sustainability Markov switching Cointegration |
Data: | Out-2011 |
Editora: | Springer |
Revista: | Empirical Economics |
Resumo(s): | We propose a Markov switching cointegration approach to assess long run fiscal sustainability. This method allows us to simultaneously: (1) test for cointegration in the presence of significant fiscal policy changes; (2) assess the type of fiscal regime that a country experienced at a given period and (3) analyse the timing of the transition between the estimated regime types. Given its flexibility, our approach enable us to uncover a richer and more complex dynamics in the analysis of fiscal sustainability, which standard linear cointegration methods fail to capture. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/15127 |
DOI: | 10.1007/s00181-010-0369-4 |
ISSN: | 0377-7332 |
Versão da editora: | http://www.springerlink.com/content/v6470222l226126p/ |
Arbitragem científica: | yes |
Acesso: | Acesso restrito UMinho |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Assessing fiscal sustainability.pdf Acesso restrito! | Assessing fiscal sustainability subject to policy changes: a Markov switching cointegration approach | 411,19 kB | Adobe PDF | Ver/Abrir |