{"id":54905,"date":"2023-12-01T18:29:48","date_gmt":"2023-12-01T17:29:48","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/public-finances-in-the-eu-27-are-they-sustainable\/"},"modified":"2025-10-22T22:19:49","modified_gmt":"2025-10-22T20:19:49","slug":"public-finances-in-the-eu-27-are-they-sustainable","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/54905\/","title":{"rendered":"Public finances in the EU-27: Are they sustainable?"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-54905","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In this paper we aim to analyse the degree of mean reversion of public expenditure, revenue and the difference between them, over GDP for 27 EU countries. To gain flexibility in the analysis of the order of integration of the variables we apply fractional integration techniques. In general, we find evidence of mean reversion in all countries.","onlinedate":"2020-02-01 01:00:00","lang":"English","publication_series":"","publication_date":"20200201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.springer.com\/10663","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"47","monthly_report_pages":"181-204","monthly_report_pages_sort":"181","issue":"1","journal":"Empirica","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[14403,12745,14659],"persons_data":"[{\"personId\":14403,\"personName\":\"Juan Carlos Cuestas\",\"organisationNames\":[]},{\"personId\":12745,\"personName\":\"Luis A. 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