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Unit roots, structural breaks and cointegration in the UK public finances, 1750-2004

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  • Lusine Lusinyan
  • John Thornton

Abstract

In this article, we report results from several traditional and more recently developed unit root and cointegration tests, allowing for structural breaks, which indicate that UK government revenue and spending during 1750-2004 were I(1) series and cointegrated, and that the UK public finances have been on a consistently sustainable path over the long run.

Suggested Citation

  • Lusine Lusinyan & John Thornton, 2011. "Unit roots, structural breaks and cointegration in the UK public finances, 1750-2004," Applied Economics, Taylor & Francis Journals, vol. 43(20), pages 2583-2592.
    • Handle: RePEc:taf:applec:v:43:y:2011:i:20:p:2583-2592
    DOI: 10.1080/00036840903299755
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    2. Samia OMRANE BELGUITH & Foued Badr GABSI & Ameni MTIBAA, 2018. "Tax smoothing hypothesis: The Tunisian case," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(617), W), pages 169-178, Winter.
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