Sustainability of Latin American fiscal deficits : a panel data approach

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Borradores de Economía; No. 679
Date published
2011-11-18
Date of last update
2011-11-18
Author
Campo-Robledo, Jacobo
Melo-Velandia, Luis Fernando
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper evaluates the fiscal sustainability hypothesis for eight Latin American countries for the period 1960 - 2009: Argentina, Chile, Colombia, Ecuador, Panama, Peru, Paraguay and Uruguay. Using second generation cointegration panel data models, we t
JEL Codes
C23 - Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal ModelsH62 - Deficit; SurplusC22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion processes
Keywords
Fiscal sustainability ; Panel unit root tests ; Panel cointegration tests ; Structural change ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5696
https://hdl.handle.net/20.500.12134/5696
https://doi.org/10.32468/be.679
https://ideas.repec.org/p/bdr/borrec/679.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit