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dc.contributor.authorHolmes, Mark J.
dc.date.accessioned2011-03-09T01:57:02Z
dc.date.available2011-03-09T01:57:02Z
dc.date.issued2010
dc.identifier.citationHolmes, M.J. (2010). Nonlinearities, co-trending and budget balance sustainability. Economic Analysis & Policy, 40(3), 369-376.en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/5152
dc.description.abstractThe study provides new evidence on the sustainability debate concerning the US budget balance. Existing studies are often only able to reject non-cointegration between government expenditure and revenue once structural breaks or regime changes are allowed for. Using a testing procedure advocated by Bierens, this study provides a different perspective on this issue. Government expenditure and revenue are both found to be stationary around a nonlinear deterministic trend, and they are co-trended insofar as they share a common nonlinear deterministic trend.en_NZ
dc.language.isoen
dc.publisherEconomic Society of Australiaen_NZ
dc.relation.urihttp://www.eap-journal.com/archive/v40_i3_07_holmes.pdfen_NZ
dc.subjecteconomicsen_NZ
dc.titleNonlinearities, co-trending and budget balance sustainabilityen_NZ
dc.typeJournal Articleen_NZ
dc.identifier.doi10.1016/S0313-5926(10)50036-5en_NZ
dc.relation.isPartOfEconomic Analysis and Policyen_NZ
pubs.begin-page369en_NZ
pubs.elements-id4730
pubs.end-page376en_NZ
pubs.issue3en_NZ
pubs.volume40en_NZ


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