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@article{ART001580672},
author={유금록},
title={An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt},
journal={Korean Society and Public Administration},
issn={1225-8652},
year={2011},
volume={22},
number={2},
pages={49-68}

TY - JOUR
AU - 유금록
TI - An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt
JO - Korean Society and Public Administration
PY - 2011
VL - 22
IS - 2
PB - Seoul Association For Public Administration
SP - 49
EP - 68
SN - 1225-8652
AB - This study reviewed previous research on fiscal sustainability, formulated a model for analyzing the sustainability of fiscal deficits, explained estimation methods, and performed unit root and cointegration tests for government debt and consolidated primary fiscal balance in Korea from 1980 through 2009. The empirical results show that while there is a cointegrating relationship between consolidated primary fiscal balance and government debt from 1980 through 2009, which implies that fiscal balance is sustainable, there is not a cointegrating relationship between these two fiscal variables from 1997 through 2009 after the exchange currency and global financial crises, which indicates that fiscal balance is not sustainable.
KW - sustainability of fiscal deficits;intertemporal budget constraint;unit root tests;cointegration test;fiscal soundness
DO -
UR -
ER -

유금록. (2011). An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt. Korean Society and Public Administration, 22(2), 49-68.

유금록. 2011, "An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt", Korean Society and Public Administration, vol.22, no.2 pp.49-68.

유금록 "An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt" Korean Society and Public Administration 22.2 pp.49-68 (2011) : 49.

유금록. An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt. 2011; 22(2), 49-68.

유금록. "An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt" Korean Society and Public Administration 22, no.2 (2011) : 49-68.

유금록. An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt. Korean Society and Public Administration, 22(2), 49-68.

유금록. An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt. Korean Society and Public Administration. 2011; 22(2) 49-68.

유금록. An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt. 2011; 22(2), 49-68.

유금록. "An Empirical Analysis of the Sustainability of Fiscal Deficits in Korea: A Cointegration Test for Consolidated Primary Fiscal Balance and Government Debt" Korean Society and Public Administration 22, no.2 (2011) : 49-68.