A draft on theories of fiscal sustainability

Sávai, Marianna: A draft on theories of fiscal sustainability. Challenges in national and international economic policies. pp. 81-93. (2018)

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Abstract

Fiscal sustainability has been an oft-mentioned concept since the world’s last economic and financial crisis. This global crisis has drawn attention to the problems of public deficits and debt growth. It is, however, expected of modern analysis that any such lessons learnt should be based on empirical examination. To this end, we have tried to summarize the basic methodology for measurement of fiscal sustainability. We have examined and compared many ways or methods for achieving fiscal sustainability. Our experience is that the measurement of fiscal sustainability depends on the definition of fiscal sustainability itself, the definition of the balance of the public deficit and debt, the length and quality of the time series used, the particular characteristics of the countries participating in the study, and the researchers’ own approaches and expectations. Here we discuss what have been the most important milestones in the literature, and what kind of methods would serve in own research.

Item Type: Article
Journal or Publication Title: Challenges in national and international economic policies
Date: 2018
Page Range: pp. 81-93
ISBN: 978-963-315-364-2
Uncontrolled Keywords: Gazdaságpolitika - nemzetközi - 21. sz.
Additional Information: Bibliogr.: p. 91-93. ; összefoglalás angol nyelven
Date Deposited: 2019. Apr. 26. 10:36
Last Modified: 2019. Apr. 26. 10:36
URI: http://acta.bibl.u-szeged.hu/id/eprint/57473

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