Economics, Econometrics and Finance
4 years ago

Portugal's fiscal policy shows signs of deterioration, higher spending persistence.

2 views
Applied Economics Letters
Assessing long-term fiscal developments: evidence from Portugal
António Afonso, Ricardo M. Sousa

Paper Summary

The study looked at how government spending and revenue in Portugal change over time. They used a method called Three-Stage Least Square to analyze the data. The results showed that government spending tends to stay high or low for a long time, while government revenue changes more with the economy. This suggests that Portugal's finances have been getting worse over time.

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