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An efficient test of fiscal sustainability

Gabriel, VJ and Sangduan, P (2010) An efficient test of fiscal sustainability Applied Economics Letters, 17 (18). 1819 - 1822. ISSN 1350-4851

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Abstract

We suggest using the efficient test with prespecified cointegration vectors of Horvath and Watson (19954. Horvath , M. and Watson , M. 1995 . Testing for cointegration when some of the cointegrating vectors are prespecified . Econometric Theory , 11 : 984 – 1014 . [CrossRef], [Web of Science ®] View all references) for the ‘strong’ fiscal sustainability hypothesis. Unlike this procedure, conventional methodologies tend to penalize the sustainability hypothesis.

Item Type: Article
Additional Information: This is an electronic version of an article published in Applied Economics Letters, 17(18), 1819-1822(2010). Applied Economics Letters is available online at: http://www.tandfonline.com/doi/abs/10.1080/13504850903299610.
Divisions: Faculty of Business, Economics and Law > Economics
Depositing User: Symplectic Elements
Date Deposited: 23 May 2012 12:57
Last Modified: 23 Sep 2013 19:23
URI: http://epubs.surrey.ac.uk/id/eprint/436671

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