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• W1987374155 abstract "Fiscal sustainability requires that governments are able to respect the intertemporal budget constraint (IBC) in present value terms. In this paper, we test for sustainability by performing an empirical analysis of cointegration between public expenditures and revenues as ratios of GDP in 11 member states of the European Union during the period 1960–2000. If cointegration of expenditures and revenues as ratios of GDP is a sufficient condition for sustainability our results point to the of sustainable budgetary paths in Austria, France, Germany, Netherlands and the UK, but not in Belgian, Denmark, Ireland, Portugal, Italy and Finland." @default.
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• W1987374155 date "2002-09-01" @default.
• W1987374155 modified "2023-10-16" @default.
• W1987374155 title "Intertemporal sustainability of fiscal policies: some tests for European countries" @default.
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• W1987374155 doi "https://doi.org/10.1016/s0176-2680(02)00103-9" @default.
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