{"id":"https://openalex.org/W3096873804","doi":"https://doi.org/10.1186/s43093-020-00037-6","title":"Debt sustainability and the fiscal reaction function: evidence from MIST countries","display_name":"Debt sustainability and the fiscal reaction function: evidence from MIST countries","publication_year":2020,"publication_date":"2020-10-30","ids":{"openalex":"https://openalex.org/W3096873804","doi":"https://doi.org/10.1186/s43093-020-00037-6","mag":"3096873804"},"language":"en","primary_location":{"id":"doi:10.1186/s43093-020-00037-6","doi":"https://doi.org/10.1186/s43093-020-00037-6","is_oa":true,"landing_page_url":"https://doi.org/10.1186/s43093-020-00037-6","pdf_url":"https://fbj.springeropen.com/track/pdf/10.1186/s43093-020-00037-6","source":{"id":"https://openalex.org/S2898392467","display_name":"Future Business Journal","issn_l":"2314-7202","issn":["2314-7202","2314-7210"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Future Business Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://fbj.springeropen.com/track/pdf/10.1186/s43093-020-00037-6","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067728261","display_name":"Lawrence Ogbeifun","orcid":"https://orcid.org/0000-0001-9249-6151","observed_orcids":["https://orcid.org/0000-0001-9249-6151"]},"institutions":[{"id":"https://openalex.org/I368840534","display_name":"University of Mississippi","ror":"https://ror.org/02teq1165","country_code":"US","type":"education","lineage":["https://openalex.org/I368840534","https://openalex.org/I4210141039"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Lawrence Ogbeifun","raw_affiliation_strings":["Department of Economics, University of Mississippi, Oxford, MS, 38677, USA"],"raw_orcid":"https://orcid.org/0000-0001-9249-6151","affiliations":[{"raw_affiliation_string":"Department of Economics, University of Mississippi, Oxford, MS, 38677, USA","institution_ids":["https://openalex.org/I368840534"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5061716734","display_name":"Olatunji A. Shobande","orcid":"https://orcid.org/0000-0003-4528-1857","observed_orcids":["https://orcid.org/0000-0003-4528-1857"]},"institutions":[{"id":"https://openalex.org/I195460627","display_name":"University of Aberdeen","ror":"https://ror.org/016476m91","country_code":"GB","type":"education","lineage":["https://openalex.org/I195460627"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Olatunji Shobande","raw_affiliation_strings":["Business School, University of Aberdeen, Block C, Edward Wright Annexes, Aberdeen, AB 243 RX, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Business School, University of Aberdeen, Block C, Edward Wright Annexes, Aberdeen, AB 243 RX, UK","institution_ids":["https://openalex.org/I195460627"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5067728261"],"corresponding_institution_ids":["https://openalex.org/I368840534"],"apc_list":{"value":0,"currency":"USD","value_usd":0},"apc_paid":null,"fwci":1.255,"has_fulltext":true,"cited_by_count":37,"citation_normalized_percentile":{"value":0.86894122,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":95,"max":100},"biblio":{"volume":"6","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13042","display_name":"Economic and Fiscal Studies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/debt-sustainability","display_name":"debt sustainability","score":0.949999988079071},{"id":"https://openalex.org/keywords/fiscal-reaction-function","display_name":"fiscal reaction function","score":0.9940000176429749},{"id":"https://openalex.org/keywords/public-debt","display_name":"public debt","score":0.8859999775886536},{"id":"https://openalex.org/keywords/debt-to-gdp-ratio","display_name":"debt-to-GDP ratio","score":0.8840000033378601},{"id":"https://openalex.org/keywords/primary-balance","display_name":"primary balance","score":0.9750000238418579},{"id":"https://openalex.org/keywords/debt-management","display_name":"debt management","score":0.5820000171661377},{"id":"https://openalex.org/keywords/interest-payments","display_name":"interest payments","score":0.7350000143051147},{"id":"https://openalex.org/keywords/current-account","display_name":"current account","score":0.9890000224113464},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.7279999852180481}],"concepts":[{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.653910756111145},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6301618814468384},{"id":"https://openalex.org/C135665773","wikidata":"https://www.wikidata.org/wiki/Q2234049","display_name":"Debt ratio","level":3,"score":0.5805094838142395},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.553779125213623},{"id":"https://openalex.org/C2777711530","wikidata":"https://www.wikidata.org/wiki/Q5454403","display_name":"Fiscal sustainability","level":3,"score":0.48675107955932617},{"id":"https://openalex.org/C44171179","wikidata":"https://www.wikidata.org/wiki/Q461319","display_name":"External debt","level":3,"score":0.46737733483314514},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.464423805475235},{"id":"https://openalex.org/C106210156","wikidata":"https://www.wikidata.org/wiki/Q1559695","display_name":"Debt-to-GDP ratio","level":4,"score":0.46397337317466736},{"id":"https://openalex.org/C2778489760","wikidata":"https://www.wikidata.org/wiki/Q12695","display_name":"Government debt","level":3,"score":0.459791898727417},{"id":"https://openalex.org/C202189257","wikidata":"https://www.wikidata.org/wiki/Q2915683","display_name":"Internal debt","level":3,"score":0.45585381984710693},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.45250922441482544},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2870110273361206},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1186/s43093-020-00037-6","doi":"https://doi.org/10.1186/s43093-020-00037-6","is_oa":true,"landing_page_url":"https://doi.org/10.1186/s43093-020-00037-6","pdf_url":"https://fbj.springeropen.com/track/pdf/10.1186/s43093-020-00037-6","source":{"id":"https://openalex.org/S2898392467","display_name":"Future Business Journal","issn_l":"2314-7202","issn":["2314-7202","2314-7210"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Future Business Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:futbus:v:6:y:2020:i:1:d:10.1186_s43093-020-00037-6","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1186/s43093-020-00037-6","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:aura.abdn.ac.uk:2164/16863","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/2164/16863","pdf_url":null,"source":{"id":"https://openalex.org/S4306400966","display_name":"Aberdeen University Research Archive (Aberdeen University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I195460627","host_organization_name":"University of Aberdeen","host_organization_lineage":["https://openalex.org/I195460627"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal article"},{"id":"pmh:oai:doaj.org/article:26ec080ce46c4d33ab0a9d893bc4e9b1","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/26ec080ce46c4d33ab0a9d893bc4e9b1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Future Business Journal, Vol 6, Iss 1, Pp 1-8 (2020)","raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/246642","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/246642","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:article"}],"best_oa_location":{"id":"doi:10.1186/s43093-020-00037-6","doi":"https://doi.org/10.1186/s43093-020-00037-6","is_oa":true,"landing_page_url":"https://doi.org/10.1186/s43093-020-00037-6","pdf_url":"https://fbj.springeropen.com/track/pdf/10.1186/s43093-020-00037-6","source":{"id":"https://openalex.org/S2898392467","display_name":"Future Business Journal","issn_l":"2314-7202","issn":["2314-7202","2314-7210"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Future Business Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3096873804.pdf","grobid_xml":"https://content.openalex.org/works/W3096873804.grobid-xml"},"referenced_works_count":47,"referenced_works":["https://openalex.org/W652771962","https://openalex.org/W1489943568","https://openalex.org/W1607821206","https://openalex.org/W1819647692","https://openalex.org/W1888033517","https://openalex.org/W1964036069","https://openalex.org/W1992836618","https://openalex.org/W2006306693","https://openalex.org/W2007867145","https://openalex.org/W2016510098","https://openalex.org/W2018792429","https://openalex.org/W2046667528","https://openalex.org/W2068763189","https://openalex.org/W2083899354","https://openalex.org/W2094193603","https://openalex.org/W2102707025","https://openalex.org/W2135699079","https://openalex.org/W2147422150","https://openalex.org/W2150635971","https://openalex.org/W2215400625","https://openalex.org/W2243719641","https://openalex.org/W2396904969","https://openalex.org/W2552508386","https://openalex.org/W2562898921","https://openalex.org/W2604325726","https://openalex.org/W2730003574","https://openalex.org/W2765636455","https://openalex.org/W2768632220","https://openalex.org/W2783634728","https://openalex.org/W2796571409","https://openalex.org/W2891673666","https://openalex.org/W2894210626","https://openalex.org/W2894731166","https://openalex.org/W2948841535","https://openalex.org/W2949907069","https://openalex.org/W2949962273","https://openalex.org/W2955442812","https://openalex.org/W2966671212","https://openalex.org/W3030272842","https://openalex.org/W3033794556","https://openalex.org/W3106844522","https://openalex.org/W3122534042","https://openalex.org/W3123388961","https://openalex.org/W3124091918","https://openalex.org/W3124098709","https://openalex.org/W3124895281","https://openalex.org/W6983183241"],"related_works":["https://openalex.org/W7211935967","https://openalex.org/W2941146025","https://openalex.org/W2894731166","https://openalex.org/W4416310329","https://openalex.org/W4306402748","https://openalex.org/W7134137320","https://openalex.org/W4289518255","https://openalex.org/W4409150744","https://openalex.org/W2018792429","https://openalex.org/W1516175653"],"abstract_inverted_index":{"Abstract":[0],"The":[1,75,117,153],"use":[2],"of":[3,35,45,171],"public":[4],"debt":[5,39,58,110,127,131],"is":[6,40,78],"not":[7,26],"new":[8],"in":[9,69,72,107,165],"financing":[10],"developmental":[11],"objectives.":[12],"A":[13],"significant":[14],"challenge":[15],"arose":[16],"when":[17,65],"it":[18],"became":[19],"obvious":[20],"that":[21,94,121,158],"the":[22,33,36,61,81,85,122,129,135,138,141,150,163,169,176],"indebted":[23],"countries":[24,48],"could":[25],"fulfill":[27],"its":[28,66],"existing":[29],"financial":[30],"obligation":[31],"to":[32,51,57,149],"rest":[34],"world":[37],"where":[38],"sourced.":[41],"For":[42],"a":[43,70,146],"panel":[44],"4":[46],"heterogeneous":[47],"from":[49],"1990":[50],"2017,":[52],"we":[53],"study":[54,76,154],"governments\u2019":[55],"reactions":[56],"accumulation":[59],"and":[60,84,168],"corrective":[62],"measures":[63],"taken":[64],"borrowings":[67],"result":[68],"rise":[71],"debt\u2013GDP":[73],"ratio.":[74],"evidence":[77,93],"based":[79],"on":[80,126,140],"fixed":[82],"effect":[83],"feasible":[86],"generalized":[87],"least":[88],"squares":[89],"estimators.":[90],"We":[91],"find":[92],"primary":[95,151],"balance":[96,144],"improves":[97],"by":[98],"about":[99],"0.005\u20130.013":[100],"for":[101,113,156],"every":[102],"1":[103],"percentage":[104],"point":[105],"increase":[106,159],"central":[108],"government":[109],"after":[111],"controlling":[112],"other":[114],"relevant":[115],"factors.":[116],"results":[118],"further":[119],"suggest":[120],"accrued":[123],"interest":[124],"payments":[125],"reflect":[128],"effective":[130],"management":[132],"policies":[133,157],"across":[134,175],"countries,":[136],"whereas":[137],"activities":[139],"current":[142],"account":[143],"impose":[145],"possible":[147],"threat":[148],"balance.":[152],"calls":[155],"fiscal":[160,166],"bases":[161],"through":[162],"reduction":[164],"expenditure":[167],"reinforcement":[170],"tax":[172],"base":[173],"revenue":[174],"MIST":[177],"countries.":[178]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":24},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2020-11-09T00:00:00"}
