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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18763
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Marinheiro, Carlos Jose Fonseca | | en_US |
| dc.coverage.temporal | | 1903-2003 | | en_US |
| dc.date.accessioned | | 2009-01-28T15:52:42Z | | - |
| dc.date.available | | 2009-01-28T15:52:42Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/18763 | | - |
| dc.description.abstract | | This paper analyses the sustainability of Portuguese public finances, making use of a long dataset with more than a full century of observations. The use of such a long dataset is appropriate because both unit root and cointegration tests require a long period of data. The sustainability testing procedure is based on unit root and cointegration tests. We find considerable evidence in favour of sustainability for the 1903-2003 period. The overall conclusion of sustainability for the 1903-2003 period is not maintained for the more recent 1975-2003 period, which is characterised by the largest GDP deficit ratios of our sample. This latter period appears to signal a shift to an unsustainable path in Portuguese fiscal policy. Hence, our results suggest that fiscal consolidation efforts must, in fact, be continued in Portugal. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.relation.ispartofseries | | CESifo working papers 1399 | | en_US |
| dc.subject.jel | | H60 | | en_US |
| dc.subject.jel | | E60 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | fiscal sustainability | | en_US |
| dc.subject.keyword | | sustainability of public debt | | en_US |
| dc.subject.keyword | | intertemporal budget constraint | | en_US |
| dc.subject.keyword | | government deficits and debt | | en_US |
| dc.subject.keyword | | Portugal | | en_US |
| dc.subject.stw | | Finanzpolitik | | en_US |
| dc.subject.stw | | Haushaltsdefizit | | en_US |
| dc.subject.stw | | Öffentliche Schulden | | en_US |
| dc.subject.stw | | Verschuldungsrestriktion | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Portugal | | en_US |
| dc.title | | Sustainability of Portuguese fiscal policy in historical perspective | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 479301638 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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