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Details for article 97 of 194 found articles
| Title: |
Intertemporal solvency and breaks in the US deficit process: a maximum-likelihood cointegration approach |
| Author: |
Liu, Peter Tanner, Evan |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 2 (1995) nr. 7 pages 231-235 |
| Year: |
1995-07-01 |
| Contents: |
Previous research has shown that the intertemporal solvency condition is equivalent to the cointegration of either (1) the interest-inclusive government spendings and tax revenue or (2) the interest-exclusive government spendings, tax revenue and government outstanding debt. This note examines the intertemporal solvency condition using a maximum likelihood cointegration test. Results show that the solvency condition for the US government is satisfied only if a break is included in the process. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 97 of 194 found articles
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