Sustainability of Latin American fiscal deficits : a panel data approach

Número: 
679
Publicado: 
Clasificación JEL: 
C22, C23, H62
Palabras clave: 
Fiscal Sustainability, Panel Unit Root tests, Panel Cointegration tests, structural change

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