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Document Title
Fiscal sustainability analysis: the case of PALOP economies
Year (definitive publication)
2017
Language
English
Country
Portugal
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Abstract
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.
Acknowledgements
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Keywords
Debt sustainability,Global financial crisis,Fiscal policy,PALOP
