References
- Ahmed, S. and J. H. Roger. 1995. “Government budget deficits and trade deficits: Are present value constraint satisfied in long-term data?” International Finance Section Discussion Paper #494. Washington, D.C.: Federal Reserve Board.
- Athanasios, P. and M. Sidiropoulos. 1999. “The sustainability of fiscal policies in the European Union.” International Advances in Economic Research, 5(3): 289–307.
- Baglioni, A. and U. Cherubini. 1993. “Intertemporal budget constraint and public debt sustainability: The case of Italy.” Applied Economics, 25: 275–83.
- Caporale, G. 1995. “Bubble finance and debt sustainability: A test of the government’s intertemporal budget constraint.” Applied Economics, 27: 1135–43.
- Corsetti, G. and N. Roubini. 1991. “Fiscal deficits, public debt, and government solvency: Evidence from OECD countries.” Journal of the Japanese and International Economy, 5(4): 354–80.
- Dornbusch, R. and A. Werner. 1992. “Mexico stabilization, reform, and no growth.” Brook-ings Papers on Economic Activity.
- Eichengreen, B., R. Hausmann and U. Panizza. 2003. “Currency mismatches, debt intolerance and original sin: Why they are not the same and why it matters.” NBER Working Papers: 10036. National Bureau of Economic Research, Inc.
- Ehrhart, C. and M. Llorca. 2008. “The sustainability of fiscal policy: Evidence from a panel of six South-Mediterranean countries.” Applied Economics Letters, 15(10): 797–803.
- Fouad, M. et al. 2007. “Public debt and fiscal vulnerability in the Middle East.” IMF Working Paper Series (WP/07/12).
- Hamilton, J. D. and M. Flavin. 1986. “On the limitations of government borrowing: A framework for empirical testing.” American Economic Review, 76(4): 808–19.
- Hakkio, C. S. and M. Rush. 1991. “Is the budget deficit too large?” Economic Inquiry, 29: 429–45.
- Haug, A. 1995. “Cointegration and government borrowing constraints: Evidence for the United States.” Journal of Business and Economics Statistics, 9(1): 97–101.
- Makrydakis, S. 1999. “Consumption-smoothing and the excessiveness of Greece’s current account deficits.” Em pirical Economics, 24: 183–209.
- Neaime, S. 2004. “Government spending growth and sustainability of deficits and external public debt: The case of Lebanon.” Working paper, Projet de recherche FEMISE.
- Osterwald-Lenum, M. 1992. “A note with quantiles of the asymptotic distribution of the maximum likelihood cointegration rank test statistics.” Oxford Bulletin of Economics and Statistics, 54(3): 461–472.
- Payne, J. 1997. “International evidence on the sustainability of budget deficits.” Applied Economics Letters, 4: 775–79.
- Quintos, C. E. 1995. “Sustainability of the deficit process with structural shifts.” Journal of Business and Economy Statistics, 13: 409–17.
- Reinhart, C., K. Rogoff and M. Savastano. 2003. “Debt Intolerance.” Brookings Papers on Economic Activity, 1: 1–62.
- Smith, G. W. and S. E. Zin. 1991. “Persistent deficits and the market value of government debts.” Journal of Applied Econometrics, 6: 31–44.
- Tanner, E. and P. Liu. 1994. “Is the budget deficit too large? Some further evidence.” Economic Inquiry, 32: 511–18.
- Trehan, B. and C. E. Walsh. 1988. “Common trends, inter-temporal budget balance, and revenue smoothing.” Journal of Economic Dynamics and Control, 12: 425–44.
- Trehan, B. and C. E. Walsh. 1991. “Testing intertemporal budget constraints: Theory and applications to U.S. federal budget and current account deficits.” Journal of Money, Credit, and Banking, 23(2): 206–23.
- Wilcox, D. W. 1989. “The sustainability of government deficits: Implications of the present-value borrowing constraint.” Journal of Money, Credit, and Banking, 21(3): 291–306.