Can a country borrow forever? The unsustainable trajectory of international debt: the case of Spain
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"Unit root tests allowing for a break in the trend function at an unknown time under both the null and alternative hypotheses,"
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More about this item
Keywords
external imbalances; sustainability; intertemporal external budget constraint; explosiveness; recursive unit root test;All these keywords.
JEL classification:
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CWA-2022-03-28 (Central and Western Asia)
- NEP-EEC-2022-03-28 (European Economics)
- NEP-FDG-2022-03-28 (Financial Development and Growth)
- NEP-HIS-2022-03-28 (Business, Economic and Financial History)
- NEP-INT-2022-03-28 (International Trade)
- NEP-OPM-2022-03-28 (Open Economy Macroeconomics)
Statistics
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