Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7355892 | Investigación Económica | 2016 | 30 Pages |
Abstract
This paper focuses in fiscal sustainability in the context of the new economic changes in Cuba. Two approaches are used to assess fiscal position. The first one based on Hakkio and Rush cointegration model for the period 1981-2014 (Hakkio and Rush, 1991). The second one supported on fiscal deficit indicators consistent with the goal of stabilizing debt in terms of gdp with series up to 2011. Findings suggested advancing in structural and institutional reforms in order to achieve fiscal sustainability. The need to include a public debt management framework and a set of indicators oriented to reduce vulnerability in order to improve fiscal policy, was also part of the results obtained.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Vilma Hidalgo de los Santos, Yaima Doimeadiós Reyes,