Search results for "Political Time series."

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Does politics matter in the conduct of fiscal policy? Political determinants of the fiscal sustainability: Evidence from seven individual Central and…

2007

This paper aims at assessing the fiscal sustainability and its political determinants in seven Central and Eastern European Countries (CEEC), namely Estonia, Latvia, Lithuania, Poland, Slovenia, Slovakia and the Czech Republic. First, using the recent sustainability approach of Bohn (1998) based on fiscal reaction function, econometric findings using Ordinary Least Squares (OLS) reveal a positive response of the primary surplus to changes in debt in several countries. In other words, fiscal policy is sustainable in Baltic countries, Slovenia and Slovakia, but not in Poland and in the Czech Republic. Second, by introducing political dummy variables, we test the electoral budget cycle and the…

Economic policyjel:E62media_common.quotation_subjectjel:H62Fiscal reaction function Public debt sustainability Political budget cycles Time seriesPolitical Time series.PoliticsDummy variableDebtEconomics[ SHS.ECO ] Humanities and Social Sciences/Economies and finances[SHS.ECO] Humanities and Social Sciences/Economics and Financemedia_commonpolitical budget cycleslcsh:Economic theory. DemographyFiscal reaction function[SHS.ECO]Humanities and Social Sciences/Economics and FinanceFiscal unionFiscal policylcsh:HB1-3840Political Time seriesEastern europeanPublic debt sustainabilitySustainabilityjel:P16time seriesFiscal sustainabilityGeneral Economics Econometrics and FinancePanoeconomicus
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