The Global Dimension to Fiscal Sustainability



Appendix

Table A1: Cointegration between US interest rate and interest rate expenditure on debt/GDP
(industrialised countries)

France

P-r

r

Eig.Value

Trace

Frac95

P-Value

2

0

0.559

19.628

17.021

0.02

1

1

0.071

1.609

8.179

0.765

Germany

P-r

r

Eig.Value

Trace

Frac95

P-Value

2

0

0.497

19.231

17.283

0.025

1

1

0.171

4.119

8.171

0.314

Spain

P-r

r

Eig.Value

Trace

Frac95

P-Value

2

0

0.522

21.434

16.825

0.009

1

1

0.211

5.205

8.027

0.186

Portugal

P-r

r

Eig.Value

Trace

Frac95

P-Value

2

0

0.699

29.576

17.256

0

1

1

0.189

4.389

7.837

0.264

Belgium

P-r

r

Eig.Value

Trace

Frac95

P-Value

2

0

0.578

22.722

17.793

0.008

1

1

0.157

3.748

8.046

0.362

Italy

P-r

r

Eig.Value

Trace

Frac95

P-Value

2

0

0.636

25.644

17.743

0.002

1

1

0.143

3.383

8.018

0.409

Austria

P-r

r

Eig.Value

Trace

Frac95

P-Value

2

0

0.779

47.2

17.368

0

1

1

0.522

15.484

7.868

0.001

Canada

P-r

r

Eig.Value

Trace

Frac95

P-Value

2

0

0.548

21.555

17.593

0.01

1

1

0.169

4.082

0.427

0.942

41



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