Detalle Publicación

Public finances in the EU-27: Are they sustainable?

Autores: Cuestas, J. C. ; Gil Alaña, Luis Alberiko (Autor de correspondencia); Sauci, L.
Título de la revista: EMPIRICA
ISSN: 0340-8744
Volumen: 47
Páginas: 181 - 204
Fecha de publicación: 2020
In this paper we aim to analyse the degree of mean reversion of public expenditure, revenue and the difference between them, over GDP for 27 European Union (EU) countries. To gain flexibility in the analysis of the order of integration of the variables we apply fractional integration techniques. In general, we find evidence of mean reversion in all countries.