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Analysis of Fiscal Sustainability under a Concept of Fiscal Space

NIDA Economic Review Journal

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Title Analysis of Fiscal Sustainability under a Concept of Fiscal Space
 
Creator Asava-vallobh, Norabajra
 
Description This paper employs the concept of “fiscal space” to examine the Thai fiscal sustainability. The idea is toestimate fiscal response function of public debt to fiscal balance, which can be used to calculate the level ofdebt to GDP ratio in equilibrium together with its ceiling. The results show that the equilibrium of debt to GDPin Thailand is at 45.3 percent which is quite close to its current level. Moreover, it is found that the ceiling ofdebt to GDP ratio is at 60 percent which is consistent with the Thai Ministry of Finance’s policy framework onfiscal sustainability.
 
Publisher Development Economic Review
พัฒนาการเศรษฐกิจปริทรรศน์
 
Date 2014-07-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://tci-thaijo.org/index.php/NER/article/view/22408
 
Source Development Economic Review; Vol 8 No 2 (2557): NIDA Economic Review Journal; 70
พัฒนาการเศรษฐกิจปริทรรศน์; Vol 8 No 2 (2557): NIDA Economic Review Journal; 70
1906-2540
 
Language eng
 
Relation https://tci-thaijo.org/index.php/NER/article/view/22408/19228
 
Rights Copyright (c) 2017 Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์)