2022
DOI: 10.1177/09738010231157457
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Evaluating the Long-run Sustainability of India’s Fiscal Management with Structural Change

Abstract: Amidst output moderation, rising deficits and increasing debt, India’s macro-fiscal arithmetic witnesses severe strain and often invites downward rating pressures by sovereign rating agencies. The article aims to examine India’s fiscal sustainability during the past four decades employing time series integration and cointegration techniques, with structural breaks in a sequential schematic framework under intertemporal government budget constraints. It examines stationarity with exogenous and endogenous struct… Show more

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