MARC表示: Testing Stationarity of Budgetary Position in Developing Countries

Testing Stationarity of Budgetary Position in Developing Countries

In this paper, we examine stationarity properties of data on budget deficits for a cluster of twenty-seven developing countries (D-27) for the period spanning 1970 to 2003. It has been argued in the literature that this statistical property correlates well with the economic property of sustainabili...

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主要な著者:	Lau, Evan, Ahmad Zubaidi, Baharumshah, Shazali Abu, Mansor, Puah, Chin-Hong
フォーマット:	E-Article
言語:	English
出版事項:	Econometric Research Association 2009
主題:	HA Statistics HB Economic Theory HC Economic History and Conditions
オンライン･アクセス:	http://ir.unimas.my/id/eprint/7317/1/Testing%20Stationarity%20of%20Budgetary%20Position%20in%20Developing%20Countries.pdf http://ir.unimas.my/id/eprint/7317/ http://core.ac.uk/download/pdf/6777592.pdf
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id	my.unimas.ir.7317
record_format	eprints
spelling	my.unimas.ir.73172016-04-14T07:03:30Z http://ir.unimas.my/id/eprint/7317/ Testing Stationarity of Budgetary Position in Developing Countries Lau, Evan Ahmad Zubaidi, Baharumshah Shazali Abu, Mansor Puah, Chin-Hong HA Statistics HB Economic Theory HC Economic History and Conditions In this paper, we examine stationarity properties of data on budget deficits for a cluster of twenty-seven developing countries (D-27) for the period spanning 1970 to 2003. It has been argued in the literature that this statistical property correlates well with the economic property of sustainability of the budget deficit. The univariate unit root tests indicated a non-stationary process of I(1) with the exception of three countries. However, the nonstationary properties were rejected when the panel unit roots procedures were adopted. Since panel procedures provide greater power, the statistical evidence favors stationarity. This in turn suggests that budgets deficits in our sample of countries are sustainable, an important conclusion with many real world economic implications. The conflict between single country results and panel results suggests that univariate procedures may lead to the wrong conclusions. Econometric Research Association 2009 E-Article PeerReviewed text en http://ir.unimas.my/id/eprint/7317/1/Testing%20Stationarity%20of%20Budgetary%20Position%20in%20Developing%20Countries.pdf Lau, Evan and Ahmad Zubaidi, Baharumshah and Shazali Abu, Mansor and Puah, Chin-Hong (2009) Testing Stationarity of Budgetary Position in Developing Countries. International Econometric Review (IER), 1 (2). pp. 77-87. ISSN 1308-8793 (print). 1308-8815 (online) http://core.ac.uk/download/pdf/6777592.pdf
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	HA Statistics HB Economic Theory HC Economic History and Conditions
spellingShingle	HA Statistics HB Economic Theory HC Economic History and Conditions Lau, Evan Ahmad Zubaidi, Baharumshah Shazali Abu, Mansor Puah, Chin-Hong Testing Stationarity of Budgetary Position in Developing Countries
description	In this paper, we examine stationarity properties of data on budget deficits for a cluster of twenty-seven developing countries (D-27) for the period spanning 1970 to 2003. It has been argued in the literature that this statistical property correlates well with the economic property of sustainability of the budget deficit. The univariate unit root tests indicated a non-stationary process of I(1) with the exception of three countries. However, the nonstationary properties were rejected when the panel unit roots procedures were adopted. Since panel procedures provide greater power, the statistical evidence favors stationarity. This in turn suggests that budgets deficits in our sample of countries are sustainable, an important conclusion with many real world economic implications. The conflict between single country results and panel results suggests that univariate procedures may lead to the wrong conclusions.
format	E-Article
author	Lau, Evan Ahmad Zubaidi, Baharumshah Shazali Abu, Mansor Puah, Chin-Hong
author_facet	Lau, Evan Ahmad Zubaidi, Baharumshah Shazali Abu, Mansor Puah, Chin-Hong
author_sort	Lau, Evan
title	Testing Stationarity of Budgetary Position in Developing Countries
title_short	Testing Stationarity of Budgetary Position in Developing Countries
title_full	Testing Stationarity of Budgetary Position in Developing Countries
title_fullStr	Testing Stationarity of Budgetary Position in Developing Countries
title_full_unstemmed	Testing Stationarity of Budgetary Position in Developing Countries
title_sort	testing stationarity of budgetary position in developing countries
publisher	Econometric Research Association
publishDate	2009
url	http://ir.unimas.my/id/eprint/7317/1/Testing%20Stationarity%20of%20Budgetary%20Position%20in%20Developing%20Countries.pdf http://ir.unimas.my/id/eprint/7317/ http://core.ac.uk/download/pdf/6777592.pdf
_version_	1644510257244798976
score	13.251813

Testing Stationarity of Budgetary Position in Developing Countries

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