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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2534

Title: Assessing Long-Term Fiscal Developm ents: Evidence from Portugal
Authors: Afonso, António
Sousa, Ricardo M.
Keywords: Fiscal deterioration
Issue Date: 2009
Publisher: ISEG – Departamento de Economia
Citation: Afonso, António e Ricardo M. Sousa. 2009. "Assessing Long-Term Fiscal Developm ents: Evidence from Portugal". Instituto Superior de Economia e Gestão - DE Working papers nº 3-2009/DE/UECE
Series/Report no.: DE Working papers;nº 3-2009/DE/UECE
Abstract: Drawing on quarterly data for Portugal, we use a Three-Stage Least Square method and a system of equations to recursively estimate two components of fiscal policy -responsiveness and persistence - and to infer about the sources of fiscal deterioration (improvement). The results suggest that: (i) government spending exhibits higher persistence than government revenue; and (ii) government revenue is more responsive to the business cycle than government spending.
URI: http://hdl.handle.net/10400.5/2534
ISSN: 0874-4548
Publisher version: http://aquila2.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=94326
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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