دورية أكاديمية
Which country after Greece? Sustainability of budget deficits in selected EU countries: A panel cointegration analysis with multiple structural breaks under cross-section dependence
العنوان: | Which country after Greece? Sustainability of budget deficits in selected EU countries: A panel cointegration analysis with multiple structural breaks under cross-section dependence |
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المؤلفون: | Ismet GOCER, Mehmet MERCAN |
المصدر: | Theoretical and Applied Economics, Vol XXIII, Iss 3, Pp 205-220 (2016) |
بيانات النشر: | General Association of Economists from Romania, 2016. |
سنة النشر: | 2016 |
المجموعة: | LCC:Business LCC:Economic theory. Demography LCC:Economics as a science |
مصطلحات موضوعية: | sustainability of budget deficits, cross-sectional dependence, Business, HF5001-6182, Economic theory. Demography, HB1-3840, Economics as a science, HB71-74 |
الوصف: | The sustainability of budget deficits is one of the most important macroeconomic problems in countries. High public spending and insufficiency of public revenue are the main reasons for the collapsing of Greek, Italy, Spain, Portugal and Ireland economies. In this study, the sustainability of budget deficit has been examined for 17 EU countries by means of panel cointegration with multiple structural breaks under cross-section dependence, for the period of 1996-2012. At the end of the analysis; cross-section dependence was determined in these countries. Therefore, an economic shock that comes to one of these countries also affects the others. According to the long-run analysis, budget deficits of these countries are sustainable in weak form. |
نوع الوثيقة: | article |
وصف الملف: | electronic resource |
اللغة: | English |
تدمد: | 1841-8678 1844-0029 |
Relation: | http://store.ectap.ro/articole/1208.pdf; https://doaj.org/toc/1841-8678; https://doaj.org/toc/1844-0029 |
URL الوصول: | https://doaj.org/article/eed3d4a984474265a5219959707fca7b |
رقم الأكسشن: | edsdoj.3d4a984474265a5219959707fca7b |
قاعدة البيانات: | Directory of Open Access Journals |
تدمد: | 18418678 18440029 |
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