University of Surrey

Test tubes in the lab Research in the ATI Dance Research

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

horvalho2.pdf - Accepted Version

Download (104kB)


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:
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

Actions (login required)

View Item View Item


Downloads per month over past year

Information about this web site

© The University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom.
+44 (0)1483 300800