Working paper
Fiscal sustainability analysis: the case of PALOP economies
António Manuel Pedro Afonso (Afonso, A.); Emanuel Leão (Leão, E.); Dilson Tiny (Tiny, D.); Diptes C. P. Bhimjee (Bhimjee, D.);
Título Documento
Fiscal sustainability analysis: the case of PALOP economies
Ano
2017
Língua
Inglês
País
Portugal
Mais Informação
Abstract/Resumo
The Global Financial Crisis has typically led to a significant widening of fiscal positions (i.e., higher budget deficits and public debt). We address the sustainability of public finances in Portuguese-speaking African countries (PALOP), through adequate econometric testing. Our findings for the period 1975-2015 suggest that most of the PALOP have compromised the sustainability of their corresponding fiscal positions, leading these economies to be set on unsustainable public finance trajectories.
Agradecimentos/Acknowledgements
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Palavras-chave
Debt sustainability,Global financial crisis,Fiscal policy,PALOP