What do we really know about fiscal sustainability in the EU? : a panel data diagnostic

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel cointegration te...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Rault, Christophe (author)
Format: workingPaper
Language:eng
Published: 2010
Subjects:
intertemporal budget constraint
fiscal sustainability
EU
panel unit root
panel cointegration.
Online Access:http://hdl.handle.net/10400.5/2136
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/2136

Internet

http://hdl.handle.net/10400.5/2136

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