dc.contributor.author |
Leachman, L |
|
dc.contributor.author |
Bester, A |
|
dc.contributor.author |
Rosas, G |
|
dc.contributor.author |
Lange, P |
|
dc.date.accessioned |
2010-03-09T15:43:32Z |
|
dc.date.issued |
2005-09-12 |
|
dc.identifier.issn |
0095-2583 |
|
dc.identifier.uri |
https://hdl.handle.net/10161/2076 |
|
dc.description.abstract |
Using multicointegration methodology, we develop criteria for testing sustainability
of fiscal budgeting processes across all states of nature. Criteria are derived from
the optimal control literature where levels and rates of change of a system of variables
are determinants of policy response. The appropriate policy response mechanisms are
outlined and linked to the multicointegration methodology. We then test government
spending and revenue systems of 15 industrialized countries for the presence of such
mechanisms. We find that only Norway and the United Kingdom exhibit policy responses
that are consistent with our criteria. © Western Economic Association International.
|
|
dc.format.mimetype |
application/pdf |
|
dc.language.iso |
en_US |
|
dc.publisher |
Wiley |
|
dc.relation.ispartof |
Economic Inquiry |
|
dc.relation.isversionof |
10.1093/ei/cbi031 |
|
dc.title |
Multicointegration and sustainability of fiscal practices |
|
dc.type |
Journal article |
|
duke.contributor.id |
Leachman, L|0217560 |
|
duke.contributor.id |
Lange, P|0097309 |
|
pubs.begin-page |
454 |
|
pubs.end-page |
466 |
|
pubs.issue |
2 |
|
pubs.organisational-group |
Duke |
|
pubs.organisational-group |
Economics |
|
pubs.organisational-group |
Political Science |
|
pubs.organisational-group |
Sanford School of Public Policy |
|
pubs.organisational-group |
Sanford School of Public Policy - Secondary Group |
|
pubs.organisational-group |
Trinity College of Arts & Sciences |
|
pubs.publication-status |
Published |
|
pubs.volume |
43 |
|