An efficient test of fiscal sustainability
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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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Official URL: http://dx.doi.org/10.1080/13504850903299610
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 |
| ID Code: | 436671 |
| Deposited By: | Symplectic Elements |
| Deposited On: | 23 May 2012 13:57 |
| Last Modified: | 28 Feb 2013 02:34 |
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