ASSESSING THE FISCAL SUSTAINABILITY OF GOVERNMENT FINANCES IN EUROPEAN COUNTRIES

Yuriy Melnykov

Abstract


This paper analyses the fiscal sustainability of government finances in the 27 EU countries and Norwayusing an empirical, statistical approach and ADF tests for a unit root in the time series of the differences between the GDPgrowth rate and the long-term interest rate, and the primary balance.

Keywords


Fiscal sustainability, government finances, solvency, unit root.

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Lithuanian Journal of Statistics ISSN 1392-642X, eISSN 2029-7262
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