Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125453
Authors: 
Burret, Heiko T.
Feld, Lars P.
Köhler, Ekkehard A.
Year of Publication: 
2015
Series/Report no.: 
Freiburger Diskussionspapiere zur Ordnungsökonomik 15/09
Abstract: 
This paper provides evidence that most German states (Laender) have unsustainable public finances by exploiting a newly compiled database covering the years 1950-2011. Although the Laender are closely intertwined we are the first to apply 'second generation' panel techniques that control for correlation among the Laender. A unique identification strategy for the selection of relevant sub-panels improves the robustness of the tests.
Subjects: 
Fiscal Sustainability
Federalism
Panel Cointegration
Cross Dependence
JEL: 
E62
H62
H77
H72
Document Type: 
Working Paper

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