Fiscal sustainability in an emerging market economy: when does public debt turn bad?

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Fiscal sustainability in an emerging market economy: when does public debt turn bad?

This paper proposes a Markov-switching model to assess the sustainability of fiscal policy in Malaysia for the period 1980–2014. Our results indicate the policymakers in the past have followed a sustainable fiscal policy, except during the brief periods of economic difficulty. The empirical analysis...

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Bibliographic Details
Main Authors:	Baharumshah, Ahmad Zubaidi, Soon, Siew Voon, Lau, Evan
Format:	Article
Language:	English
Published:	Elsevier 2017
Online Access:	http://psasir.upm.edu.my/id/eprint/61893/ http://psasir.upm.edu.my/id/eprint/61893/1/Fiscal%20sustainability%20in%20an%20emerging%20market%20economy.pdf

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