PUBLIC DEBT ANALYSIS BASED ON SUSTAINABILITY INDICATORS

Sustainability of Public Debt

The Sustainability of Public Debt in Taiwan

This study examines whether the Taiwan’s public debt is sustainable utilizing an unrestricted two-regime threshold autoregressive (TAR) model with an autoregressive unit root. The empirical results show that Taiwan’s public debt appears as a nonlinear series and is stationary in regime 1 but not in regime 2. This result implies that while Taiwan’s public debt was mostly sustainable over the 199...

Sustainability of US public debt: Estimating smoothing spline regressions

In this paper we analyze how the primary surplus to GDP ratio in the US reacts to variations in the public debt-GDP ratio. In contrast to earlier studies we perform non-parametric and semi-parametric estimations. Our results show that the response of the primary surplus to GDP ratio is a positive nonlinear function of the debt-GDP ratio. Further, our estimations demonstrate that the coefficient...

Debt Indicators and Criteria Ii for the Assessment of California's Total Outstanding Public Debt

Sustainability Indicators

Copyright and Moral Rights for the articles on this site are retained by the individual authors and/or other copyright owners. For more information on Open Research Online's data policy on reuse of materials please consult the policies page. 1. Introduction Imagine a situation where, after debating for years on what makes you happy, you finally decide that it is about time you start put these i...