Arbeitspapier
Fiscal Sustainability in Developing Asia
The central objective of this paper is to empirically examine the issue of fiscal sustainability in developing Asia. To do so, we first diagnose the region's public finances by analyzing the evolution of key fiscal indicators over time and across subregions. We then estimate fiscal policy response functions that measure the adjustment of the primary fiscal balance to public debt positions. Overall, our results indicate that the region's public finances are in good shape as a result of responsible fiscal behavior. Nevertheless, failure to withdraw the region's anticrisis fiscal stimulus in a timely manner may jeopardize fiscal sustainability, bolstering the case for strong medium-term fiscal policy frameworks.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADB Economics Working Paper Series ; No. 205
- Klassifikation
-
Wirtschaft
Fiscal Policy
National Deficit; Surplus
National Debt; Debt Management; Sovereign Debt
- Thema
-
Fiscal sustainability
Asia
fiscal policy
fiscal balance
public debt
Finanzkrise
Finanzmarktregulierung
Antizyklische Finanzpolitik
Wirkungsanalyse
Asien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Adams, Charles
Ferrarini, Benno
Park, Donghyun
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank (ADB)
- (wo)
-
Manila
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Adams, Charles
- Ferrarini, Benno
- Park, Donghyun
- Asian Development Bank (ADB)
Entstanden
- 2010
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