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Fiscal Multicointegration and Sustainability in OECD Economies

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Date
2013-04-15
Author
De, Rajlakshmi
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Abstract
Policies surrounding government expenditures and revenues are often concerned with the size of the national public debt and whether it is sustainable or not. In this paper, the recent fiscal trends of 14 OECD nations are assessed as sustainable or unsustainable by employing the multicointegration framework and asserting corresponding criteria for sustainability. Denmark, Norway, Finland, Canada, Sweden, Portugal, and Austria are found to exhibit sustainable fiscal policies during the paper’s sample period, whereas the policies of the United States, Italy, France, Netherlands, United Kingdom, Spain, and Japan are determined to be unsustainable.
Type
Honors thesis
Department
Economics
Subject
Fiscal
Multicointegration
Sustainability
Permalink
https://hdl.handle.net/10161/6518
Citation
De, Rajlakshmi (2013). Fiscal Multicointegration and Sustainability in OECD Economies. Honors thesis, Duke University. Retrieved from https://hdl.handle.net/10161/6518.
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This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.

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