Theoretical and Applied Economics
No. 6 / 2014 (595)
Assessing fiscal sustainability in some selected countries
Pontifica Universidad Católica Madre y Maestra, Dominican Republic
Abstract. The aim of this article is to assess the sustainability of fiscal policy in 18 developing and emerging countries, using the recursive algorithm developed by Croce and Juan-Ramón (2003). In general, the results suggest that most countries were identified as presenting large unsustainable fiscal positions in the period considered, explained basically by primary fiscal deficits. Interestingly, results for Panama suggest no evidence that officially dollarized countries run more prudent fiscal policies than non-officially dollarized countries.
Contents
Assessing fiscal sustainability in some selected countries
Some insights about determinants of economic growth in Romania. An empirical exercise
Evolution of comovement between commodity futures: does biofuels matter?
Romanian banking activity spatial distribution between 2009 and 2012
The impact of the current financial and economic crisis on the European labor market – an approach based on a new paradigm in the labor field
Perspectives on FDI in the context of economic crisis
Interrelationship of biases: effect investment decisions ultimately
Opinions on the government assets evaluation