| Title |
Measuring fiscal stress index in european union countries / |
| Translation of Title |
Fiskalinio streso indekso vertinimas Europos Sąjungos šalims. |
| Authors |
Karietaitė, Rosita |
| Full Text |
|
| Pages |
34 |
| Keywords [eng] |
Fiskalinis stresas, panelinė logistinė regresija, valstybės skola, signalizavimo metodas. |
| Abstract [eng] |
Global financial crisis increased attention to public debt sustainability. Various methodologies, early warning systems were developed seeking to identify fiscal imbalances and stress episodes. In this thesis fiscal stress level was measured in 25 European Union countries. Index was constructed based on signalling approach and panel logistic regression. Evidence in this analysis shows the importance of social environment for fiscal stress level and suggests inclusion of social oriented variables into predictors' list. Moreover, significance of cross-country heterogeneity has been shown. |
| Dissertation Institution |
Vilniaus universitetas. |
| Type |
Master thesis |
| Language |
English |
| Publication date |
2020 |
