Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113104
Authors: 
Köhler, Ekkehard
Year of Publication: 
2015
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Fiscal Sustainability G02-V2
Abstract: 
This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950-2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying second generation panel cointegration techniques. A unique identification strategy for the selection of sub-panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable.
JEL: 
H72
H77
C55
Document Type: 
Conference Paper

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