Fiscal consolidation in developed and emerging economies

Fiscal Performance, Public Debt and Fiscal Consolidation in Korea

As for the East Asian countries, the total amount of government debt in Korea has risen sharply over the following several years in the wake of the Asian financial crisis. The purpose of this paper is to assess whether the current levels of government debt are sustainable for a severely attacked country, namely, Korea. Under the intertemporal budget constraint model, the study tests for fiscal ...

Fiscal Multicointegration and Sustainability in OECD Economies

Environmental Fiscal Reform in Developing, Emerging and Transition Economies: Progress & Prospects

Coliforms Contamination and Hygienic Status of Milk Chain in Emerging Economies

Emerging economies have often poor hygiene practices in traditional milk and dairy production all over the world. Therefore, pathogenic bacteria in milk pose major public health concerns especially for those communities who still consume raw milk. Escherichia coli and coliforms are often used as indicator microorganisms, so their presence in food implies poor hygiene and sanitary practices. The...

Comparison between response dynamics in transition economies and developed economies.

In developed economies, the sign of the price increment influences the volatility in an asymmetric fashion--negative increments tend to result in larger volatility (increments with larger magnitudes), while positive increments result in smaller volatility. We explore whether this asymmetry extends from developed economies to European transition economies and, if so, how such asymmetry changes o...