Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109375
Authors: 
Adams, Charles
Ferrarini, Benno
Park, Donghyun
Year of Publication: 
2010
Series/Report no.: 
ADB Economics Working Paper Series 205
Abstract: 
The central objective of this paper is to empirically examine the issue of fiscal sustainability in developing Asia. To do so, we first diagnose the region's public finances by analyzing the evolution of key fiscal indicators over time and across subregions. We then estimate fiscal policy response functions that measure the adjustment of the primary fiscal balance to public debt positions. Overall, our results indicate that the region's public finances are in good shape as a result of responsible fiscal behavior. Nevertheless, failure to withdraw the region's anticrisis fiscal stimulus in a timely manner may jeopardize fiscal sustainability, bolstering the case for strong medium-term fiscal policy frameworks.
Subjects: 
Fiscal sustainability
Asia
fiscal policy
fiscal balance
public debt
JEL: 
E62
H62
H63
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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