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財政赤字の持続可能性と構造変化 : 日本の長期統計を用いた分析

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Title: 財政赤字の持続可能性と構造変化 : 日本の長期統計を用いた分析
Other Titles: The Sustainability and Structural Break of Government Deficits : An Analysis with Japanese Long-term Data
Authors: 工藤, 健
Authors (alternative): Kudo, Takeshi
Issue Date: 24-Mar-2006
Citation: 長崎大学経済学部研究年報. vol.22, p.61-77; 2006
Abstract: In this paper we test the Japanese government deficits sustainability and examine the fiscal discipline by estimating a Markov-switching model. From the results of our analysis, we can say that the government deficits are not sustainable at the first-order, but sustainable at the second-order. The fiscal discipline was hardly kept in sample period, though some exceptions are there. We need to keep the fiscal surpluses by several years to recover the discipline.
Keywords: government deficits sustainability / fiscal discipline / Markov-switching regressions
URI: http://hdl.handle.net/10069/6893
ISSN: 09108602
Type: Departmental Bulletin Paper
Appears in Collections:Volume 22

Citable URI : http://hdl.handle.net/10069/6893

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