Are EU budget deficits sustainable?

In this paper, we test for the stationarity and sustainability of European Union budget deficits over the period 1971 to 2006, using a panel of thirteen member countries. Our testing strategy addresses two key concerns with re- gard to unit root panel data testing, namely (i) the identification of w...

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Bibliographic Details

Main Authors:	Mark J. Holmes, Jesus Otero, Theodore Panagiotidis
Format:	Default Preprint
Published:	2007
Subjects:	Other economics not elsewhere classified Heterogeneous dynamic panels Fiscal sustainability Mean re-version Panel stationarity test Economics not elsewhere classified
Online Access:	https://hdl.handle.net/2134/2822
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