Now showing items 1-3 of 3

  • Are Greek budget deficits 'too large'? 

    Fountas, Stilianos (National University of Ireland, Galway, 1995-09)
    We use a residual-based cointegration test suggested by Gregory and Hansen (1992) that allows for the determination of a structural break in the cointegrating vector to test for the sustainability of Greek fiscal deficits ...
  • Are the US current account deficits really sustainable? 

    Fountas, Stilianos (National University of Ireland, Galway, 1998-03)
    We have tested for a long-run relationship between four US export measures and analogous import measures (measured in nominal and real terms, levels and deflated by GNP) in the 1967-1994 period using quarterly data. ...
  • Testing for the sustainability of the current account deficit in two industrial countries 

    Fountas, Stilianos (National University of Ireland, Galway, 1996-07)
    The objective of this paper is to test for the sustainability of the current account deficits in the U.S. and Canada over the 1973-1994 period. Using various unit root and cointegration tests some of which allow for ...