Cover Image

Mean Reversion Of The Fiscal Conduct In 24 Developing Countries

In this paper, we examine the mean reverting behaviour of fiscal deficit by analysing the fiscal position of 24 developing countries. Using annual data over the period 1970–2003 and the series-specific panel unit root test developed by Breuer et al. (Oxford Bulletin of Economics and Statistics, Vol...

Full description

Saved in:
Bibliographic Details
Main Authors: Ahmad Zubaidi, Baharumshah, Evan, Lau
Format: Article
Language:English
Published: Blackwell Publishing Ltd. 2010
Subjects:
H Social Sciences (General)
Online Access:http://ir.unimas.my/id/eprint/17980/1/MEAN%20REVERSION%20OF%20THE%20FISCAL%20CONDUCT%20%28abstract%29.pdf
http://ir.unimas.my/id/eprint/17980/
http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9957.2009.02140.x/abstract
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.unimas.ir.17980
record_format eprints
spelling my.unimas.ir.179802023-06-14T03:18:10Z http://ir.unimas.my/id/eprint/17980/ Mean Reversion Of The Fiscal Conduct In 24 Developing Countries Ahmad Zubaidi, Baharumshah Evan, Lau H Social Sciences (General) In this paper, we examine the mean reverting behaviour of fiscal deficit by analysing the fiscal position of 24 developing countries. Using annual data over the period 1970–2003 and the series-specific panel unit root test developed by Breuer et al. (Oxford Bulletin of Economics and Statistics, Vol. 64 (2002), pp. 527–546), we found the budget process for most developing countries fails to satisfy the strong-form sustainability condition. Further investigation shows the budget process for a majority of the countries is on a sustainable path (weak form) when a one-time, structural break is allowed in the model. Therefore, our empirical results suggest that the budget process in most of the sample countries is in accordance with the intertemporal budget constraint. Blackwell Publishing Ltd. 2010 Article PeerReviewed text en http://ir.unimas.my/id/eprint/17980/1/MEAN%20REVERSION%20OF%20THE%20FISCAL%20CONDUCT%20%28abstract%29.pdf Ahmad Zubaidi, Baharumshah and Evan, Lau (2010) Mean Reversion Of The Fiscal Conduct In 24 Developing Countries. The Manchester School, 78 (4). pp. 302-325. ISSN 1467-9957 http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9957.2009.02140.x/abstract DOI: 10.1111/j.1467-9957.2009.02140.x
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Ahmad Zubaidi, Baharumshah
Evan, Lau
Mean Reversion Of The Fiscal Conduct In 24 Developing Countries
description In this paper, we examine the mean reverting behaviour of fiscal deficit by analysing the fiscal position of 24 developing countries. Using annual data over the period 1970–2003 and the series-specific panel unit root test developed by Breuer et al. (Oxford Bulletin of Economics and Statistics, Vol. 64 (2002), pp. 527–546), we found the budget process for most developing countries fails to satisfy the strong-form sustainability condition. Further investigation shows the budget process for a majority of the countries is on a sustainable path (weak form) when a one-time, structural break is allowed in the model. Therefore, our empirical results suggest that the budget process in most of the sample countries is in accordance with the intertemporal budget constraint.
format Article
author Ahmad Zubaidi, Baharumshah
Evan, Lau
author_facet Ahmad Zubaidi, Baharumshah
Evan, Lau
author_sort Ahmad Zubaidi, Baharumshah
title Mean Reversion Of The Fiscal Conduct In 24 Developing Countries
title_short Mean Reversion Of The Fiscal Conduct In 24 Developing Countries
title_full Mean Reversion Of The Fiscal Conduct In 24 Developing Countries
title_fullStr Mean Reversion Of The Fiscal Conduct In 24 Developing Countries
title_full_unstemmed Mean Reversion Of The Fiscal Conduct In 24 Developing Countries
title_sort mean reversion of the fiscal conduct in 24 developing countries
publisher Blackwell Publishing Ltd.
publishDate 2010
url http://ir.unimas.my/id/eprint/17980/1/MEAN%20REVERSION%20OF%20THE%20FISCAL%20CONDUCT%20%28abstract%29.pdf
http://ir.unimas.my/id/eprint/17980/
http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9957.2009.02140.x/abstract
_version_ 1769847625987653632
score 13.211869

Similar Items