Afonso, A. Ricardian fiscal regimes in the European Union. Empirica 2008, 35, 313â334. [CrossRef]
Afonso, A.; Rault, C. Multi-step Analysis of Public Finances Sustainability. Econ. Model. 2015, 48, 199â209. [CrossRef]
Afonso, A.; Rault, C. What Do We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic; Working Paper 820; European Central Bank: Frankfurt, Germany, 2007.
Akram, V.; Rath, B.N. Does government revenue converge across Indian states? Evidence from club convergence. Appl. Econ. Lett. 2022, 29, 915â919. [CrossRef]
- Akram, V.; Rath, B.N. Fiscal sustainability in India: Evidence from Markov switching and threshold regression models. Stud. Econ. Financ. 2019, 38, 227â245. [CrossRef] Sustainability 2022, 14, 15678 17 of 17
Paper not yet in RePEc: Add citation now
Akram, V.; Rath, B.N. Is there any evidence of tax-and-spend, spend-and-tax or fiscal synchronization from panel of Indian state. Appl. Econ. Lett. 2019, 26, 1544â1547. [CrossRef]
Akram, V.; Rath, B.N. What do we know about fiscal sustainability across Indian states. Econ. Model. 2020, 87, 307â321. [CrossRef]
Baskaran, T. On the Link between Fiscal Decentralization and Public Debt in OECD Countries. Public Choice 2010, 145, 351â378. [CrossRef]
Bohn, H. Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint. J. Monet. Econ. 2007, 7, 1837â1847. [CrossRef]
Bohn, H. The sustainability of budget deficit in a stochastic economy. J. Money Credit. Bank. 1995, 27, 257â271. [CrossRef]
Chang, T.; Ho, Y.H. A Note on Testing âTax-and-spend, Spend-and-tax or Fiscal Synchronizationâ: The Case of China. J. Econ. Dev. 2002, 27, 151â160.
Chen, P. US fiscal sustainability and the causality relationship between government expenditures and revenues: A new approach based on quantile cointegration. Fisc. Stud. 2016, 37, 301â320. [CrossRef]
- Domar, E.D. The âBurden of the Debtâ and the National Income. Am. Econ. Rev. 1944, 34, 798â827.
Paper not yet in RePEc: Add citation now
Dumitrescu, I.E.; Hurlin, C. Testing for Granger non-causality in heterogeneous panels. Econ. Model. 2012, 29, 1450â1460. [CrossRef]
- Engle, R.F.; Granger, C.W.J. Cointegration and error correction: Representation, estimation, and testing. Econometrica 1987, 55, 251â276. [CrossRef]
Paper not yet in RePEc: Add citation now
Escario, R.; Gadea, M.D.; Sabaté, M. Multi cointegration, seigniorage and fiscal sustainability Spain 1857â2000. J. Policy Model 2012, 34, 270â283. [CrossRef]
Gregory, A.; Hansen, B. Residual-Based Tests for Cointegration in Models with Regime Shifts. J. Econom. 1996, 70, 99â126. [CrossRef]
Hakkio, G.; Rush, M. Is the Budget Deficit Too Large. Econ. Inq. 1991, 29, 429â445. [CrossRef]
Hamilton, J.D.; Flavin, M. On the Limitation of Government Borrowing: A Framework for Empirical Testing. Am. Econ. Rev. 1986, 176, 808â819.
Im, K.S.; Pesaran, M.H.; Shin, Y. Testing for unit roots in heterogeneous panels. J. Econ. 2003, 115, 53â74. [CrossRef]
Johansen, S. Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica 1991, 59, 1551â1580. [CrossRef]
- Keynes, J. A Tract on Monetary Reform; Macmillan: London, UK, 1923.
Paper not yet in RePEc: Add citation now
Levin, A.; Lin, C.F.; Chu, C.J. Unit root tests in panel data: Asymptotic and finite sample properties. J. Econ. 2002, 108, 1â24. [CrossRef]
Li, X. Government Revenue, Government Expenditure, and Temporal Causality: Evidence from China. Appl. Econ. 2001, 33, 485â497. [CrossRef]
- Lou, J.W. Chinaâs overall debt scale is controllable. Peking Univ. Bus. Rev. 2015, 6, 44â45.
Paper not yet in RePEc: Add citation now
- Lv, B.Y.; Li, Z. Research on Fiscal Sustainability and Fiscal Response under the Impact of Epidemic Situation. Financ. Trade Econ. 2020, 6, 5â18.
Paper not yet in RePEc: Add citation now
- Ma, Z.H. Chinaâs Local Fiscal Revenue and Expenditure. Manag. World 2008, 3, 40â48.
Paper not yet in RePEc: Add citation now
Narayan, P.K.; Popp, S. Size and power properties of structural break unit root tests. Appl. Econ. 2013, 45, 721â728. [CrossRef]
Pedroni, P. Panel cointegration: Asymptotic and finite sample properties of pooled time series test with an application on the PPP hypothesis. Econ. Theory 2004, 3, 597â625. [CrossRef]
Pesaran, M.H. A simple panel unit root test in the presence of cross-section dependence. J. Appl. Econ. 2007, 22, 265â312. [CrossRef]
Pesaran, M.H. General Diagnostic Tests for Cross Section Dependence in Panels; CESifo Working Paper Series 1229; CESifo Group: Munich, Germany, 2004.
Pesaran, M.H. Testing weak cross-sectional dependence in large panels. Econ. Rev. 2015, 34, 1089â1117. [CrossRef]
Quintos, C. Sustainability of the Deficit Process with Structural Shifts. J. Bus. Econ. Stat. 1995, 13, 409â417.
Stock, J.H.; Watson, M.W. A simple estimator of cointegrating vectors in higher order integrated systems. Econometrica 1993, 61, 783â820. [CrossRef]
Trehan, B.; Walsh, C. Common Trends, the Governmentâs Budget Constraint, and Revenue Smoothing. J. Econ. Dyn. Control 1988, 12, 425â444. [CrossRef]
Westerlund, J. Testing for error correction in panel data. Oxf. Bull. Econ. Stat. 2007, 69, 709â748. [CrossRef]
Wilcox, D. The Sustainability of Government Deficits: Implications of the Present Value Borrowing Constraint. J. Money Credit. Bank. 1989, 21, 291â306. [CrossRef]
- Wildasin, D.E. Review of Tax Policy and Planning in Developing Countries. J. Dev. Econ. 1997, 53, 219â227. [CrossRef]
Paper not yet in RePEc: Add citation now
- Yang, Z.H.; Zhao, Y.L.; Wang, L. The relationship between fiscal revenue and expenditure and the sustainability of deficit. China Soc. Sci. 2016, 2, 37â58.
Paper not yet in RePEc: Add citation now
- Zhou, M.R.; Luo, C.P. An empirical study on fiscal sustainability in China. Res. Quant. Econ. Tech. Econ. 2007, 11, 47â55.
Paper not yet in RePEc: Add citation now