Fiscal Deficit Sustainability of the Spanish Regions
使用非平稳面板数据分析西班牙自治区的财政赤字，考察收支长期关系与财政规则，并将两种方法统一在一个框架中。
Carrion-i-Silvestre J. L. Fiscal deficit sustainability of the Spanish regions, Regional Studies. The fiscal deficit of the Spanish Autonomous Communities is investigated using non-stationary panel data analysis. The paper considers the two main approaches in the literature, first assessing whether there is a long-run relationship between the revenues and expenditures of the Autonomous Communities, and second focusing on the use of fiscal rules. The paper shows that it is possible to relate these approaches in a unified framework.