A Historical Public Debt Database

Abbas, S. M. Ali; Belhocine, Nazim; El-Ganainy, Asmaa; Horton, Mark

doi:10.2139/ssrn.1750734

Cited by 56 publications

(19 citation statements)

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“…We have also split our time span into four periods according to Angus Maddison's long waves of capitalist development: 32 1880-1913, 1913-1950, 1950-1973 and 1973 onwards. (see also Abbas et al (2010) for related across country groups' analysis and different decades). An additional reason to conduct such an analysis rests on fact that longer sample periods may actually ''hide'' unsustainability periods in the series.…”

Section: Panel Unit Root Analysismentioning

confidence: 99%

“…Consequently, we add to the existing literature by applying different (and recent) unit-root tests to 19 countries using consistent public finance data from one single source, Abbas et al (2010) who put together the longest government debt database to date. 4 Moreover, we also test for the existence of structural breaks during the time sample for each country.…”

Section: Introductionmentioning

confidence: 99%

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A longer-run perspective on fiscal sustainability

Afonso

Jalles

2013

Empirica

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We investigate the sustainability of fiscal policy in a set of 19 countries by taking a longer-run secular perspective over the period 1880-2009. Via a systematic analysis of the stationarity of the first-differenced level of government debt, and disentangling the components of the debt series using structural time series models, we conclude that since in most cases non-stationarity can be rejected, longer-run fiscal sustainability is not rejected (Japan and Spain can be exceptions). The same is true for a panel analysis when allowing for multiple structural breaks, and for cross-country dependence. In addition, endogenously identified breaks can be related to episodes of sovereign default.

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Section: Panel Unit Root Analysismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A longer-run perspective on fiscal sustainability

Afonso

Jalles

2013

Empirica

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“…Both these macro externalities will certainly exert great impacts on everyone, including ASMS. 46 Perhaps the most disturbing domestic and global developments over the past decade have been the increasing military spending and progressive ideological polarization. 47 We have enjoyed a long period of relative peace and prosperity in the US, with the US dollar as the world's reserve currency ever since the Bretton Woods agreement signed in 1944.…”

Section: Macroeconomic Changes and Challengesmentioning

confidence: 99%

American Society of Maxillofacial Surgeons: The Last 25 Years and the Next 25 Years

Lin

2022

FACE

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Professional organizations, like most complex human entities in the world including companies and countries, undergo periodic changes. Sometimes, these changes happen in years, while others may take decades or more. This year is the 75th anniversary of the American Society of Maxillofacial Surgeons (ASMS), a society born of necessity after World War II, even though its inception goes further back several decades. This brief article commemorates this important landmark and summarizes some key events of the last 25 years from 1997 to 2022, as others have nicely summarized the earlier periods. In addition to changes in clinical, research, and education in the context of craniofacial surgery, the review also examines from the national and global perspectives within which exists ASMS. These historical comparisons allow for appreciation of changes and, more importantly, permits the educated forecast of the future. It is our hope that from the lessons learned from the past will emerge a brighter, better tomorrow.

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“…In particular, the index incorporates information concerning restrictions regarding current account and capital account transactions, the existence of multiple exchange rates and requirements of the surrender of export proceeds. The debt-to-GDP ratios are drawn from the IMF Historical Public Debt Database (Abbas et al, 2010). The exchange rate variable is based on coarse classification of the dataset by Ilzetzki, Reinhart and Rogoff (2008) taking values from 1 to 5; higher values correspond to more flexible exchange rate arrangements.…”

Section: Emu Dummymentioning

confidence: 99%