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

Economics Letters

Volumn 82, Issue 2, 2004, Pages 239-243

  Bajo Rubio, Oscar ^a   Díaz Roldán, Carmen ^a   Esteve, Vicente ^b  

^a UNIVERSITY OF CASTILLA LA MANCHA   (Spain)

^b UNIVERSITY OF VALENCIA   (Spain)

Author keywords

Budget deficits; Fiscal policy; TAR models; Threshold effects

Indexed keywords

EID: 0346937335     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2003.07.010     Document Type: Article

References (9)

1. Alesina A. Perotti R. Budget deficits and budget institutions In: Poterba J.M. von Hagen J. (Eds.), Fiscal Institutions and Fiscal Performance 1999 13-36 The University of Chicago Press Chicago
2. Bertola G. Drazen A. Trigger points and budget cuts: explaining the effects of fiscal austerity American Economic Review 83 1993 11-26
3. Caner M. Hansen B.E. Threshold autoregression with a unit root Econometrica 69 2001 1555-1596
4. Giavazzi F. Jappelli T. Pagano M. Searching for non-linear effects of fiscal policy: evidence from industrial and developing countries European Economic Review 44 2000 1259-1289
5. Hansen B.E. Inference in TAR models Studies in Nonlinear Dynamics and Econometrics 1 1997 119-131
6. Hansen B.E. Sample splitting and threshold estimation Econometrica 68 2000 575-603
7. Kwiatkowski D. Phillips P.C.B. Schmidt P. Shin Y. Testing the null hypothesis of stationarity against the alternative of a unit root. How sure are we that economic time series have a unit root? Journal of Econometrics 54 1992 159-178
8. Phillips P.C.B. Perron P. Testing for a unit root in time series regression Biometrika 75 1988 335-346
9. Tong H. On a threshold model In: Chen C.H. (Ed.), Pattern Recognition and Signal Processing 1978 Sijhoff and Noordhoff Amsterdam