DSpace university logo mark
Advanced Search
Japanese | English 

NAOSITE : Nagasaki University's Academic Output SITE > Faculty of Economics > Bulletin > Annual review of economics > Volume 22 >

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


File Description SizeFormat
KJ00004438689.pdf1.23 MBAdobe PDFView/Open

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

All items in NAOSITE are protected by copyright, with all rights reserved.

 

Valid XHTML 1.0! Copyright © 2006-2015 Nagasaki University Library - Feedback Powerd by DSpace