Konferenzbeitrag
Fiscal Sustainability in Cross-Dependent Panels: Evidence from the German L nder
This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950-2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying second generation panel cointegration techniques. A unique identification strategy for the selection of sub-panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable.
- Language
-
Englisch
- Bibliographic citation
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Fiscal Sustainability ; No. G02-V2
- Classification
-
Wirtschaft
State and Local Budget and Expenditures
Intergovernmental Relations; Federalism; Secession
Large Data Sets: Modeling and Analysis
- Event
-
Geistige Schöpfung
- (who)
-
Köhler, Ekkehard
- Event
-
Veröffentlichung
- (when)
-
2015
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Köhler, Ekkehard
Time of origin
- 2015
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