| dc.creator | Alagidede,Paul | |
| dc.creator | Tweneboah,George | |
| dc.date | 2015-12-01 | |
| dc.date.accessioned | 2019-04-25T12:42:05Z | |
| dc.date.available | 2019-04-25T12:42:05Z | |
| dc.identifier | https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0719-04332015000200004 | |
| dc.identifier.uri | http://revistaschilenas.uchile.cl/handle/2250/61338 | |
| dc.description | This paper explores the sustainability of fiscal policy for a panel of Latin American countries over the period 1990-2012. We extend the literature on the causal relationship between government expenditure (GX) and revenue (GR) in the short run and long run. Our results show a significant long-run relationship between GX and GR, suggesting that fiscal policies are consistent with their intertemporal budget constraints. We establish bidirectional causality between revenue and expenditure in the long run, indicating a contribution from both GX and GR in establishing steady state equilibrium following substantial deviations. Our data also uphold the fiscal synchronization thesis. | |
| dc.format | text/html | |
| dc.language | en | |
| dc.publisher | Pontificia Universidad Católica de Chile. Instituto de Economía. | |
| dc.relation | 10.7764/LAJE.52.2.213 | |
| dc.rights | info:eu-repo/semantics/openAccess | |
| dc.source | Latin american journal of economics v.52 n.2 2015 | |
| dc.subject | Fiscal sustainability | |
| dc.subject | Latin America | |
| dc.subject | panel cointegration | |
| dc.subject | fiscal synchronization | |
| dc.subject | intertemporal budget constraints | |
| dc.title | ON THE SUSTAINABILITY AND SYNCHRONIZATION OF FISCAL POLICY IN LATIN AMERICA | |
