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dc.contributor.advisorHaug, Alfred
dc.contributor.advisorDorian, Owen
dc.contributor.authorMunawar Shah, Syed
dc.date.available2011-10-05T19:56:28Z
dc.date.copyright2011
dc.identifier.citationMunawar Shah, S. (2011). Sustainability of Fiscal Policy: A Comparison of Contemporary Models for Asian Developing Countries (Thesis, Master of Commerce). University of Otago. Retrieved from http://hdl.handle.net/10523/1890en
dc.identifier.urihttp://hdl.handle.net/10523/1890
dc.description.abstractThis study compares two well-known models used for assessing the sustainability of fiscal policy. The Model-Based test, an OLS-based model of sustainability, either adds little value or is a potentially unreliable approach to assessing the sustainability of fiscal policy. We use panel unit root and cointegration tests for this purpose and find that the primary surplus and debt are nonstationary in levels for the Asian Developing countries in our sample. The existence of cointegration between the primary surplus-GDP and debt-GDP ratio determines the sustainability of fiscal policy without requiring the series to be regressed on each other.en_NZ
dc.format.mimetypeapplication/pdf
dc.language.isoenen_NZ
dc.publisherUniversity of Otago
dc.rightsAll items in OUR Archive are provided for private study and research purposes and are protected by copyright with all rights reserved unless otherwise indicated.
dc.subjectSustainabilityen_NZ
dc.subjectFiscal Policyen_NZ
dc.subjectPanel Unit Rooten_NZ
dc.subjectPanel Cointegrationen_NZ
dc.titleSustainability of Fiscal Policy: A Comparison of Contemporary Models for Asian Developing Countriesen_NZ
dc.typeThesis
dc.date.updated2011-10-05T07:27:54Z
thesis.degree.disciplineEconomicsen_NZ
thesis.degree.nameMaster of Commerceen_NZ
thesis.degree.grantorUniversity of Otago
thesis.degree.levelMasters Theses
otago.openaccessOpen
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