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dc.contributor.authorQin, Duoen
dc.contributor.authorCagas, Marie Anneen
dc.contributor.authorDucanes, Geoffreyen
dc.contributor.authorMagtibay-Ramos, Nedelynen
dc.date.accessioned2012-09-20T13:02:03Z-
dc.date.available2012-09-20T13:02:03Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/62920-
dc.description.abstractThis paper develops empirical methods of assessing the sustainability and feasibility of public debt using the No Ponzi Game criterion, using the Philippines as the testing case. Both historical data and forecasts generated by a quarterly macro-econometric model are used in the assessment. Stochastic simulations are carried out to mimic future uncertainty. The test results show that, up to the end of the present administration in 2010, the Philippine government debt is not sustainable but weakly feasible, that the feasibility is vulnerable to major adverse shocks, and that simple budgetary deficit control policy is inadequate for achieving debt sustainability or strengthening feasibility.en
dc.language.isoengen
dc.publisher|aQueen Mary University of London, Department of Economics |cLondonen
dc.relation.ispartofseries|aWorking Paper |x527en
dc.subject.jelH62en
dc.subject.jelH63en
dc.subject.jelE62en
dc.subject.jelF34en
dc.subject.jelC53en
dc.subject.ddc330en
dc.subject.keywordGovernment debten
dc.subject.keywordPonzi gameen
dc.subject.keywordRollover bond portfolioen
dc.subject.stwÖffentlicher Haushalten
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwHaushaltskonsolidierungen
dc.subject.stwEmpirische Methodeen
dc.subject.stwPhilippinenen
dc.titleEmpirical assessment of sustainability and feasibility of government debt: The Philippines case-
dc.typeWorking Paperen
dc.identifier.ppn483057312en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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