Akram, Vaseem and Rath, Badri Narayan
(2019)
Fiscal sustainability in India: evidence from Markov switching and threshold regression models.
Studies in Economics and Finance, ahead- (ahead-).
ISSN 1086-7376
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Abstract
The purpose of this study is to examine the fiscal sustainability issue by dividing the fiscal deficit into high and low regimes using the quarterly data from 1997: Q1 to 2013: Q3. Further, we obtain the optimum level of public debt at which fiscal sustainability can be achieved.
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