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Sustainability of Latin American fiscal deficits : a panel data approach

Jacobo
Campo-Robledo
Luis Fernando
Melo-Velandia
Martes, 1 Noviembre 2011

This paper evaluates the fiscal sustainability hypothesis for eight Latin American countries for the period 1960 - 2009: Argentina, Chile, Colombia, Ecuador, Panama, Peru, Paraguay and Uruguay. Using second generation cointegration panel data models, we t