Sustainability of US public debt: Estimating smoothing spline regressions

Greiner A, Kauermann G (2007)
ECONOMIC MODELLING 24(2): 350-364.

Journal Article | Published | English

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Abstract
In this paper we analyze how the primary surplus to GDP ratio in the US reacts to variations in the public debt-GDP ratio. In contrast to earlier studies we perform non-parametric and semi-parametric estimations. Our results show that the response of the primary surplus to GDP ratio is a positive nonlinear function of the public debt-GDP ratio. Further, our estimations demonstrate that the coefficient giving the response of the primary surplus-GDP ratio to a change in the public debt-GDP ratio declines over time when we assume a linear model with time dependent coefficients. (c) 2006 Elsevier B.V. All tights reserved.
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Greiner A, Kauermann G. Sustainability of US public debt: Estimating smoothing spline regressions. ECONOMIC MODELLING. 2007;24(2):350-364.
Greiner, A., & Kauermann, G. (2007). Sustainability of US public debt: Estimating smoothing spline regressions. ECONOMIC MODELLING, 24(2), 350-364.
Greiner, A., and Kauermann, G. (2007). Sustainability of US public debt: Estimating smoothing spline regressions. ECONOMIC MODELLING 24, 350-364.
Greiner, A., & Kauermann, G., 2007. Sustainability of US public debt: Estimating smoothing spline regressions. ECONOMIC MODELLING, 24(2), p 350-364.
A. Greiner and G. Kauermann, “Sustainability of US public debt: Estimating smoothing spline regressions”, ECONOMIC MODELLING, vol. 24, 2007, pp. 350-364.
Greiner, A., Kauermann, G.: Sustainability of US public debt: Estimating smoothing spline regressions. ECONOMIC MODELLING. 24, 350-364 (2007).
Greiner, Alfred, and Kauermann, Göran. “Sustainability of US public debt: Estimating smoothing spline regressions”. ECONOMIC MODELLING 24.2 (2007): 350-364.
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