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Article
Fiscal sustainability in a panel of Asian countries
Applied Economics Letters (2010)
  • John Thornton
Abstract
Panel cointegration techniques indicate that government revenue (REV) and expenditure (EXP) in a panel of five Asian economies for the period 1974 to 2001 were nonstationary and cointegrated series. However, the cointegration coefficient was significantly less than unity, indicating ‘weak’ fiscal sustainability and the likelihood that policy measures would be needed to put the public finances on a more sustainable basis
Keywords
  • Fiscal sustainability,
  • emerging markets,
  • panel cointegration
Publication Date
2010
Citation Information
John Thornton. "Fiscal sustainability in a panel of Asian countries" Applied Economics Letters Vol. 17 Iss. 7 (2010)
Available at: http://works.bepress.com/john_thornton/22/