{"id":"https://openalex.org/W3124875326","doi":null,"title":"The Behaviour of US and UK Public Debt: Further Evidence Based on Time Varying Parameters","display_name":"The Behaviour of US and UK Public Debt: Further Evidence Based on Time Varying Parameters","publication_year":2016,"publication_date":"2016-01-01","ids":{"openalex":"https://openalex.org/W3124875326","mag":"3124875326"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:ase:jtsrta:v:23:y:2016:i:1:p:11-19:id:116","doi":null,"is_oa":false,"landing_page_url":"https://transitionacademiapress.org/jtsr/article/view/116/74","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"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5062136150","display_name":"Aviral Kumar Tiwari","orcid":"https://orcid.org/0000-0002-1822-9263","observed_orcids":["https://orcid.org/0000-0002-1822-9263","https://orcid.org/0000-0002-3579-3616"]},"institutions":[{"id":"https://openalex.org/I4210102611","display_name":"ICFAI Business School","ror":"https://ror.org/015v04m58","country_code":"IN","type":"education","lineage":["https://openalex.org/I4210102611"]},{"id":"https://openalex.org/I4210138731","display_name":"ICFAI Foundation for Higher Education","ror":"https://ror.org/04p3pp808","country_code":"IN","type":"education","lineage":["https://openalex.org/I4210138731"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Aviral K. Tiwari","raw_affiliation_strings":["IBS Hyderabad, a Constituent of IFHE #R##N#(Deemed to be) University, Hyderabad, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IBS Hyderabad, a Constituent of IFHE #R##N#(Deemed to be) University, Hyderabad, India","institution_ids":["https://openalex.org/I4210102611","https://openalex.org/I4210138731"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5015373611","display_name":"S\u00fcleyman Bolat","orcid":"https://orcid.org/0000-0001-5635-7322","observed_orcids":["https://orcid.org/0000-0001-5635-7322"]},"institutions":[{"id":"https://openalex.org/I121596126","display_name":"Aksaray University","ror":"https://ror.org/026db3d50","country_code":"TR","type":"education","lineage":["https://openalex.org/I121596126"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Suleyman Bolat","raw_affiliation_strings":["FEAS, Aksaray University, Aksaray, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"FEAS, Aksaray University, Aksaray, Turkey","institution_ids":["https://openalex.org/I121596126"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5077930719","display_name":"Mihai Ioan Mutascu","orcid":"https://orcid.org/0000-0003-3837-3243","observed_orcids":["https://orcid.org/0000-0003-3837-3243"]},"institutions":[{"id":"https://openalex.org/I12449238","display_name":"Universit\u00e9 d'Orl\u00e9ans","ror":"https://ror.org/014zrew76","country_code":"FR","type":"education","lineage":["https://openalex.org/I12449238"]},{"id":"https://openalex.org/I3121153395","display_name":"West University of Timi\u015foara","ror":"https://ror.org/0583a0t97","country_code":"RO","type":"education","lineage":["https://openalex.org/I3121153395"]},{"id":"https://openalex.org/I4210130290","display_name":"Laboratoire d\u2019\u00c9conomie d\u2019Orl\u00e9ans","ror":"https://ror.org/03hp7bq97","country_code":"FR","type":"facility","lineage":["https://openalex.org/I110017253","https://openalex.org/I12449238","https://openalex.org/I1294671590","https://openalex.org/I4210113334","https://openalex.org/I4210130290","https://openalex.org/I4210139971"]}],"countries":["FR","RO"],"is_corresponding":false,"raw_author_name":"Mihai Mutascu","raw_affiliation_strings":["LEO (Laboratoire d\u2019Economie d\u2019Orleans), University of Orleans, France#R##N#FEAA and ECREB, West University of Timisoara, Romania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"LEO (Laboratoire d\u2019Economie d\u2019Orleans), University of Orleans, France#R##N#FEAA and ECREB, West University of Timisoara, Romania","institution_ids":["https://openalex.org/I12449238","https://openalex.org/I3121153395","https://openalex.org/I4210130290"]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":6,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.5331,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.7673868,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":null,"issue":null,"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/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"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and 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"}}],"keywords":[{"id":"https://openalex.org/keywords/public-debt-sustainability","display_name":"public debt sustainability","score":0.9020000100135803},{"id":"https://openalex.org/keywords/primary-surplus","display_name":"primary surplus","score":0.8709999918937683},{"id":"https://openalex.org/keywords/debt-to-gdp-ratio","display_name":"debt-to-GDP ratio","score":0.8579999804496765},{"id":"https://openalex.org/keywords/time-varying-parameters","display_name":"time-varying parameters","score":0.828000009059906},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.7020000219345093},{"id":"https://openalex.org/keywords/intertemporal-budget-constraint","display_name":"intertemporal budget constraint","score":0.9789999723434448},{"id":"https://openalex.org/keywords/government-borrowing","display_name":"government borrowing","score":0.33500000834465027}],"concepts":[{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.7533408403396606},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7082911729812622},{"id":"https://openalex.org/C106210156","wikidata":"https://www.wikidata.org/wiki/Q1559695","display_name":"Debt-to-GDP ratio","level":4,"score":0.565824568271637},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.5506021976470947},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5064624547958374},{"id":"https://openalex.org/C135665773","wikidata":"https://www.wikidata.org/wiki/Q2234049","display_name":"Debt ratio","level":3,"score":0.4916613698005676},{"id":"https://openalex.org/C202189257","wikidata":"https://www.wikidata.org/wiki/Q2915683","display_name":"Internal debt","level":3,"score":0.44037503004074097},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.4276282787322998},{"id":"https://openalex.org/C2778489760","wikidata":"https://www.wikidata.org/wiki/Q12695","display_name":"Government debt","level":3,"score":0.42451637983322144},{"id":"https://openalex.org/C22270272","wikidata":"https://www.wikidata.org/wiki/Q5248601","display_name":"Debt levels and flows","level":4,"score":0.42356956005096436},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.41725385189056396},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3626766502857208},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.3214402496814728},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"pmh:oai:RePEc:ase:jtsrta:v:23:y:2016:i:1:p:11-19:id:116","doi":null,"is_oa":false,"landing_page_url":"https://transitionacademiapress.org/jtsr/article/view/116/74","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"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W1502006584","https://openalex.org/W1516805430","https://openalex.org/W1969905941","https://openalex.org/W1973388959","https://openalex.org/W1978855429","https://openalex.org/W1987125840","https://openalex.org/W2014193783","https://openalex.org/W2025300129","https://openalex.org/W2028927961","https://openalex.org/W2040939044","https://openalex.org/W2054831423","https://openalex.org/W2061895875","https://openalex.org/W2110529251","https://openalex.org/W2132688492","https://openalex.org/W2150166394","https://openalex.org/W2158781876","https://openalex.org/W3122267594","https://openalex.org/W3123281834","https://openalex.org/W3124925284","https://openalex.org/W3125039890"],"related_works":["https://openalex.org/W2270539200","https://openalex.org/W2252708587","https://openalex.org/W6980178944","https://openalex.org/W2165258945","https://openalex.org/W3122876977","https://openalex.org/W121259536","https://openalex.org/W2018792429","https://openalex.org/W2132800021","https://openalex.org/W4255266289","https://openalex.org/W3125243205"],"abstract_inverted_index":{"The":[0,40],"paper":[1],"investigates":[2],"whether":[3],"US":[4],"and":[5,51,104],"UK":[6,48,148],"have":[7],"followed":[8],"sustainable":[9,151],"debt":[10,32,70,99,132],"policies":[11],"during":[12],"the":[13,18,21,31,45,55,66,72,80,83,85,93,97,111,114,117,122,125,143,147,153],"period":[14],"1970-2012,":[15],"by":[16],"exploring":[17],"reaction":[19,118,123],"of":[20,26,65,68,82,116,124,155,157],"primary":[22,94,126],"surplus":[23,95,127],"as":[24,36,71,96],"percentage":[25],"GDP":[27,34],"to":[28,33,60,128,140],"variations":[29],"in":[30,130,146,152],"ratio,":[35],"a":[37,62],"powerful":[38],"test.":[39],"main":[41],"results":[42],"reveal":[43,87],"that":[44,88,121,142],"coefficient":[46,73,119],"for":[47,54],"is":[49,74,149],"negative":[50],"significant,":[52],"while":[53],"US,":[56],"we":[57],"are":[58],"unable":[59],"find":[61],"clear-cut":[63],"evidence":[64],"sustainability":[67],"public":[69,131],"also":[75],"negative,":[76],"but":[77],"insignificant.":[78],"In":[79],"case":[81],"UK,":[84],"outputs":[86],"government":[89,98],"did":[90],"not":[91,150],"raise":[92],"increased":[100],"rather":[101],"reduced":[102],"it":[103],"this":[105],"reduction":[106],"has":[107],"been":[108],"significant.":[109],"On":[110],"other":[112],"hand,":[113],"significance":[115],"demonstrates":[120],"increases":[129],"varies":[133],"over":[134],"time.All":[135],"these":[136],"evidences":[137],"allow":[138],"us":[139],"appreciate":[141],"fiscal":[144],"policy":[145],"sense":[154],"satisfying":[156],"intertemporal":[158],"budgetary":[159],"constrain.":[160]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2017,"cited_by_count":1}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2021-02-01T00:00:00"}