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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). pp. 1819-1822.

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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
Divisions : Faculty of Arts and Social Sciences > School of Economics
Authors :
Gabriel, VJ
Sangduan, P
Date : 2010
DOI : 10.1080/13504850903299610
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:
Depositing User : Symplectic Elements
Date Deposited : 23 May 2012 12:57
Last Modified : 31 Oct 2017 14:33

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