Debt Sustainability and Role Of Fiscal Institutions In The Saarc Region

dc.contributor.author	Rida Najam , Asad Khan Afridi ,Danyal Zafar
dc.date.accessioned	2020-10-28T09:42:50Z
dc.date.available	2020-10-28T09:42:50Z
dc.date.issued	2020
dc.identifier.uri	http://10.250.8.41:8080/xmlui/handle/123456789/6576
dc.description	Supervisor: Dr. Iftikhar Hussain Adil	en_US
dc.description.abstract	Using multicointegration, this study analysed the level of debt sustainability in the SAARC region (excluding Afghanistan).An important part of the approach adopted was to test the existence of policy response of respective governments and prove empirically if they have been corrective in nature. It was found that multicointegration existed in the case of India and Sri Lanka only. However, the data series for revenue and expenditure exhibited cointegration for Pakistan and Bangladesh. The results showed that debt was not sustainable either because of the absence of policy response (in case of Pakistan and Bangladesh) or even if it was present, the response was not in the correct direction (in case of India and Sri Lanka).	en_US
dc.publisher	S3H , National University of Sciences and Technology, Islamabad.	en_US
dc.subject	Debt sustainability, policy response mechanism, multicointegration	en_US
dc.title	Debt Sustainability and Role Of Fiscal Institutions In The Saarc Region	en_US
dc.type	Thesis	en_US