Structural breaks and nonlinearity in US and UK public debt

Detalhes bibliográficos
Autor(a) principal: Jawadi, Fredj
Data de Publicação: 2012
Outros Autores: Sousa, Ricardo M.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/22493
Resumo: This paper investigates the short-term dynamics for public debts in the US and the UK over more than four decades. We check for structural changes in the data and assess nonlinearity and switching-regime hypotheses using several linearity tests. Our findings point to multiple structural breaks due to economic downturns, oil shocks, and financial and political instability. We also identify different regimes for which the adjustment is asymmetric and nonlinear, in particular, since 2003 and around the Great Recession.
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spelling Structural breaks and nonlinearity in US and UK public debtPublic debtStructural breaksNonlinearityThis paper investigates the short-term dynamics for public debts in the US and the UK over more than four decades. We check for structural changes in the data and assess nonlinearity and switching-regime hypotheses using several linearity tests. Our findings point to multiple structural breaks due to economic downturns, oil shocks, and financial and political instability. We also identify different regimes for which the adjustment is asymmetric and nonlinear, in particular, since 2003 and around the Great Recession.Fundação para a Ciência e a Tecnologia (FCT)Universidade do MinhoJawadi, FredjSousa, Ricardo M.20122012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/22493enghttp://www.eeg.uminho.pt/economia/nipeinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:35:48Zoai:repositorium.sdum.uminho.pt:1822/22493Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:31:43.748950Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Structural breaks and nonlinearity in US and UK public debt
title Structural breaks and nonlinearity in US and UK public debt
spellingShingle Structural breaks and nonlinearity in US and UK public debt
Jawadi, Fredj
Public debt
Structural breaks
Nonlinearity
title_short Structural breaks and nonlinearity in US and UK public debt
title_full Structural breaks and nonlinearity in US and UK public debt
title_fullStr Structural breaks and nonlinearity in US and UK public debt
title_full_unstemmed Structural breaks and nonlinearity in US and UK public debt
title_sort Structural breaks and nonlinearity in US and UK public debt
author Jawadi, Fredj
author_facet Jawadi, Fredj
Sousa, Ricardo M.
author_role author
author2 Sousa, Ricardo M.
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Jawadi, Fredj
Sousa, Ricardo M.
dc.subject.por.fl_str_mv Public debt
Structural breaks
Nonlinearity
topic Public debt
Structural breaks
Nonlinearity
description This paper investigates the short-term dynamics for public debts in the US and the UK over more than four decades. We check for structural changes in the data and assess nonlinearity and switching-regime hypotheses using several linearity tests. Our findings point to multiple structural breaks due to economic downturns, oil shocks, and financial and political instability. We also identify different regimes for which the adjustment is asymmetric and nonlinear, in particular, since 2003 and around the Great Recession.
publishDate 2012
dc.date.none.fl_str_mv 2012
2012-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/22493
url http://hdl.handle.net/1822/22493
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv http://www.eeg.uminho.pt/economia/nipe
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dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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