Assessing the mean reversion behaviour of fiscal policy: the perspective of Asian countries
This article investigates fiscal policy sustainability in 10 Asian countries by adopting a battery of unit root tests. Univariate unit root tests reveal that the fiscal stance in these countries follows a nonstationary process while the opposite conclusion was drawn for the same dataset using the co...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Routledge
2009
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13297/1/Assessing%20the%20mean%20reversion%20behaviour%20of%20fiscal%20policy.pdf |