Sustainability in Public Finance: The Case of Lithuania 1999-2008
(2009)Department of Economics
- Abstract
- The essay discusses the long-run fiscal sustainability issues for one of the EU member states – Lithuania. Investigating properties of the public debt time series for the period 1999:1-2008:2, it is concluded that past fiscal policy in the country has been sustainable. A set of econometrical procedures was employed to analyse past fiscal time series, leading to the main conclusion that a sustainable public debt development is achieved through the total budget balance management policy. In the long-run, the control over the total budget deficits outcomes is maintained by adjusting public spending to the movements in revenue. Such a fiscal policy reaction function thus allowed the government to keep the debt-to-GDP ratio on the sustainable... (More)
- The essay discusses the long-run fiscal sustainability issues for one of the EU member states – Lithuania. Investigating properties of the public debt time series for the period 1999:1-2008:2, it is concluded that past fiscal policy in the country has been sustainable. A set of econometrical procedures was employed to analyse past fiscal time series, leading to the main conclusion that a sustainable public debt development is achieved through the total budget balance management policy. In the long-run, the control over the total budget deficits outcomes is maintained by adjusting public spending to the movements in revenue. Such a fiscal policy reaction function thus allowed the government to keep the debt-to-GDP ratio on the sustainable path. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1396066
- author
- Pesliakaité, Jurgita
- supervisor
- organization
- year
- 2009
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Budget deficit; Public debt; Sustainability; Fiscal policy; Lithuania, Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
- language
- English
- id
- 1396066
- date added to LUP
- 2009-04-23 00:00:00
- date last changed
- 2010-08-03 10:52:16
@misc{1396066,
abstract = {{The essay discusses the long-run fiscal sustainability issues for one of the EU member states – Lithuania. Investigating properties of the public debt time series for the period 1999:1-2008:2, it is concluded that past fiscal policy in the country has been sustainable. A set of econometrical procedures was employed to analyse past fiscal time series, leading to the main conclusion that a sustainable public debt development is achieved through the total budget balance management policy. In the long-run, the control over the total budget deficits outcomes is maintained by adjusting public spending to the movements in revenue. Such a fiscal policy reaction function thus allowed the government to keep the debt-to-GDP ratio on the sustainable path.}},
author = {{Pesliakaité, Jurgita}},
language = {{eng}},
note = {{Student Paper}},
title = {{Sustainability in Public Finance: The Case of Lithuania 1999-2008}},
year = {{2009}},
}