Are EU budget deficits sustainable?

In this paper, we test for the stationarity of European Union budget deficits over the period 1971–2006, using a panel of thirteen member countries. Our testing strategy addresses two key concerns with regard to unit root panel data testing, namely (1) the presence of cross-sectional dependence amon...

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Detalles Bibliográficos
Autores Principales: Otero Cardona, Jesus Gilberto, Holmes, Mark J.
Formato: Preimpresión (Preprint)
Lenguaje:Inglés (English)
Publicado: Spronger Nature 2009
Acceso en línea: