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Fiscal Sustainability Assessment: A Panel Data Approach For Cee Countries

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  • SANDICA Ana-Maria

Abstract

The study assesses the sustainability of public finance in CEE countries using stationary and cointegration analysis. The intertemporal relationship between government expenditures and revenues in a time-frame over the period 2000-2011 has been realized using the ARDL model for each country of those four. In order to determine fiscal sustainability in the region, a panel cointegration has been performed and the main results are that there is an evidence of a cointegration, thus a fiscal synchronization.

Suggested Citation

  • SANDICA Ana-Maria, 2012. "Fiscal Sustainability Assessment: A Panel Data Approach For Cee Countries," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 728-733.
  • Handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:728-733
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