Too much debt and budget deficit on fiscal sustainability: do institutions matter?
The current study estimates threshold levels of the public debt-to-gross domestic product (GDP) ratio and the budget deficit for 106 developing and 36 developed countries from 1996 to 2018. A PCA-based fiscal sustainability indicator is also constructed and a dynamic panel threshold regression is em...
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| Format: | Article |
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Persatuan Ekonomi Malaysia
2022
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