Are EU budget deficits stationary?

In this paper, we test for the stationarity of European Union budget deficits over the period 1971-2006, using a panel of thirteen member countries. Our testing strategy addresses two key concerns with regard to unit root panel data testing, namely (1) the presence of cross-sectional dependence amon...

Full description

Autores:
Tipo de recurso:
Fecha de publicación:
2010
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/23917
Acceso en línea:
https://doi.org/10.1007/s00181-009-0289-3
https://repository.urosario.edu.co/handle/10336/23917
Palabra clave:
Bootstrapping
Budget deficit
Economic structure
European union
Fiscal policy
Hypothesis testing
Maastricht treaty
Panel data
Europe
Fiscal sustainability
Heterogeneous dynamic panels
Mean reversion
Panel stationarity test
Rights
License
Abierto (Texto Completo)