In this paper, we examine the mean reverting behaviour of fiscal deficit by analysing the fiscal position of 24 developing countries. Using annual data over the period 1970–2003 and the series-specific panel unit root test developed by Breuer et al. (Oxford Bulletin of Economics and Statistics, Vol. 64 (2002), pp. 527–546), we found the budget process for most developing countries fails to satisfy the strong-form sustainability condition. Further investigation shows the budget process for a majority of the countries is on a sustainable path (weak form) when a one-time, structural break is allowed in the model. Therefore, our empirical results suggest that the budget process in most of the sample countries is in accordance with the interte...
This study examines the fiscal sustainability of SAARC and Asian Growth-Triangle countries using Fis...
The importance of achieving a sustainable fiscal budget deficit has received increasing attention fr...
This paper investigates the political and economic determinants of successful fiscal adjustment in 2...
In this paper, we examine the mean reverting behaviour of fiscal deficit by analysing the fiscal po...
This article investigates fiscal policy sustainability in 10 Asian countries by adopting a battery o...
In this paper, we examine stationarity properties of data on budget deficits for a cluster of twent...
One method to test whether any government’s fiscal policy has been effective in dealing with budget ...
This study has a major motivation to empirically find the fundamentals of budget deficit instability...
This paper presents, for the first time, multi-dimensional indices of the quality of budget institut...
This study aimed to analyze the intentionally fiscal position of the governments of developing count...
We examine the sustainability of fiscal policy in terms of linearity vs. non-linearity of fiscal rea...
Aim/purpose - This paper examines the relationship between budget deficits and selected macroeconomi...
The impact of fiscal deficit measured by deficit in national budget on the growth of respective econ...
AbstractIn this study, budget deficit sustainability in OECD countries, are investigated via interte...
This study has a major motivation to empirically find the fundamentals of budget deficit instability...
This study examines the fiscal sustainability of SAARC and Asian Growth-Triangle countries using Fis...
The importance of achieving a sustainable fiscal budget deficit has received increasing attention fr...
This paper investigates the political and economic determinants of successful fiscal adjustment in 2...
In this paper, we examine the mean reverting behaviour of fiscal deficit by analysing the fiscal po...
This article investigates fiscal policy sustainability in 10 Asian countries by adopting a battery o...
In this paper, we examine stationarity properties of data on budget deficits for a cluster of twent...
One method to test whether any government’s fiscal policy has been effective in dealing with budget ...
This study has a major motivation to empirically find the fundamentals of budget deficit instability...
This paper presents, for the first time, multi-dimensional indices of the quality of budget institut...
This study aimed to analyze the intentionally fiscal position of the governments of developing count...
We examine the sustainability of fiscal policy in terms of linearity vs. non-linearity of fiscal rea...
Aim/purpose - This paper examines the relationship between budget deficits and selected macroeconomi...
The impact of fiscal deficit measured by deficit in national budget on the growth of respective econ...
AbstractIn this study, budget deficit sustainability in OECD countries, are investigated via interte...
This study has a major motivation to empirically find the fundamentals of budget deficit instability...
This study examines the fiscal sustainability of SAARC and Asian Growth-Triangle countries using Fis...
The importance of achieving a sustainable fiscal budget deficit has received increasing attention fr...
This paper investigates the political and economic determinants of successful fiscal adjustment in 2...