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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18763Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Marinheiro, Carlos Jose Fonseca | - |
| dc.date | 2005 | - |
| dc.date.accessioned | 2013-10-16T07:01:14Z | - |
| dc.date.available | 2013-10-16T07:01:14Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18763 | - |
| dc.identifier | ppn:479301638 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18763 | - |
| dc.description | This paper analyses the sustainability of Portuguese public finances, making use of a long dataset with more than a full century of observations. The use of such a long dataset is appropriate because both unit root and cointegration tests require a long period of data. The sustainability testing procedure is based on unit root and cointegration tests. We find considerable evidence in favour of sustainability for the 1903-2003 period. The overall conclusion of sustainability for the 1903-2003 period is not maintained for the more recent 1975-2003 period, which is characterised by the largest GDP deficit ratios of our sample. This latter period appears to signal a shift to an unsustainable path in Portuguese fiscal policy. Hence, our results suggest that fiscal consolidation efforts must, in fact, be continued in Portugal. | - |
| dc.language | eng | - |
| dc.relation | CESifo working papers 1399 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | H60 | - |
| dc.subject | E60 | - |
| dc.subject | ddc:330 | - |
| dc.subject | fiscal sustainability | - |
| dc.subject | sustainability of public debt | - |
| dc.subject | intertemporal budget constraint | - |
| dc.subject | government deficits and debt | - |
| dc.subject | Portugal | - |
| dc.subject | Finanzpolitik | - |
| dc.subject | Haushaltsdefizit | - |
| dc.subject | Öffentliche Schulden | - |
| dc.subject | Verschuldungsrestriktion | - |
| dc.subject | Schätzung | - |
| dc.subject | Portugal | - |
| dc.title | Sustainability of Portuguese fiscal policy in historical perspective | - |
| dc.type | doc-type:workingPaper | - |
| dc.coverage | 1903-2003 | - |
| Appears in Collections: | EconStor | |
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