2018, Volume 71 - Issue 1
RSS feed citation: At RePEc
Publication date: 01 February 2018
THE POLITICAL CONNOTATION OF INTERNATIONAL TRADE AND GLOBALISATION: A COMMON MISUNDERSTANDINGRead the article
DOES WEAK MACROECONOMIC PERFORMANCE AFFECT VOTER TURNOUT? AN ANALYSIS ACCOUNTING FOR THE 'JOSHUA GENERATION EFFECT'Read the article
FIRMS CONTROLLED BY OWNERS AND MANAGERIAL FIRMS: THE 'STRATEGIC' TRADE POLICY GAME REVISITEDRead the article
Marco TRONZANO, Università degli Studi di Genova, Dipartimento di Economia e Metodi Quantitativi, Genova, Italia
This paper reassesses the sustainability of fiscal policy in Poland, extending the analysis of Tronzano (forthcoming) to a multicointegration test allowing for regime shifts. The empirical evidence strongly rejects the existence of multicointegration, thus suggesting that Poland’s fiscal process is unsustainable in a stochastic environment. In line with my previous research and other recent applied literature on Poland, the main policy implications are twofold. First, a prosecution of the ongoing fiscal consolidation process is needed. Second, the above process should be implemented introducing a systematic response of fiscal policy to contingent disequilibria in public debt.
C22, E62, H62
Fiscal Sustainability, Regime-Shifts, Transition Economies, Poland, Cointegration, Multicointegration
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