Public finances in the EU-27: Are they sustainable?

被引：0

作者：

Cuestas, Juan Carlos ^{[1
,2
,3
]}

Gil-Alana, Luis A. ^{[4
,5
]}

Sauci, Laura ^{[6
]}

机构：

[1] Eesti Pank, Tallinn, Estonia

[2] Tallinn Univ Technol, Tallinn, Estonia

[3] Jaume I Univ, Castellon De La Plana, Castellon, Spain

[4] Univ Navarra, Fac Econ, Edificio Amigos, E-31080 Pamplona, Spain

[5] Univ Navarra, ICS NCID, Edificio Amigos, E-31080 Pamplona, Spain

[6] Univ Huelva, Huelva, Spain

来源：

EMPIRICA | 2020年 / 47卷 / 01期

关键词：

Public revenues; Public expenditures; Fractional integration; OIL-PRICE SHOCK; UNIT-ROOT TEST; TIME-SERIES; FISCAL-POLICY; LONG MEMORY; ERROR-CORRECTION; DEFICIT SUSTAINABILITY; STATISTICAL-ANALYSIS; GOVERNMENT DEFICITS; BUDGET DEFICITS;

D O I：

10.1007/s10663-018-9411-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we aim to analyse the degree of mean reversion of public expenditure, revenue and the difference between them, over GDP for 27 European Union (EU) countries. To gain flexibility in the analysis of the order of integration of the variables we apply fractional integration techniques. In general, we find evidence of mean reversion in all countries.

引用

页码：181 / 204

页数：24

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