Searching for threshold effects in the evolution of budget deficits:: an application to the Spanish case

被引：43

作者：

Bajo-Rubio, O ^{[1
]}

Díaz-Roldán, C

Esteve, V

机构：

[1] Univ Castilla La Mancha, Dept Econ & Empresa, E-13071 Ciudad Real, Spain

[2] CentrA, E-13071 Ciudad Real, Spain

[3] Univ Valencia, Valencia 46017, Spain

来源：

ECONOMICS LETTERS | 2004年 / 82卷 / 02期

关键词：

fiscal policy; budget deficits; threshold effects; TAR models;

D O I：

10.1016/j.econlet.2003.07.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we use recent developments on threshold autoregressive (TAR) models that allow us to derive endogenously threshold effects in the evolution of the Spanish budget deficit. Specifically, a mean-reverting dynamic behaviour of the budget deficit should be expected once such threshold is reached. (C) 2003 Elsevier B.V. All rights reserved.

引用

页码：239 / 243

页数：5

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