Show simple item record

dc.contributor.authorMarín-Rodríguez N.J
dc.contributor.authorGonzalez-Ruiz J.D
dc.contributor.authorBotero S.
dc.date.accessioned2024-07-31T21:07:11Z
dc.date.available2024-07-31T21:07:11Z
dc.date.created2023
dc.identifier.issn22277099
dc.identifier.urihttp://hdl.handle.net/11407/8497
dc.descriptionThis scientometric analysis delves into the current trajectory and anticipated prospects of assessing fiscal sustainability, emphasizing methodologies, trends, and pivotal literature in this critical economic realm. This study analyzed 324 studies from Scopus and Web of Science databases to generate the dataset through scientometric networks, using VOSviewer and Bibliometrix tools. Through a comprehensive review of scientific literature, this research traces the developmental trajectory of fiscal sustainability, trend topics, influential studies, and key contributors employing bibliometric and scientometric tools. The study maps the landscape of fiscal sustainability exploration, underscoring an evolving shift towards interdisciplinary methods encompassing environmental, social, and political factors. Furthermore, the keywords analysis accentuates three emergent trends, mainly (i) the relation between fiscal sustainability and economic growth, (ii) the methodologies and models for assessing fiscal sustainability, and (iii) demographic concerns and their impact on fiscal sustainability. This research provides insights into the evolving terrain of fiscal sustainability exploration and anticipates promising avenues for further studies. The examination reveals the significance of methodologies such as panel data, multicointegration analysis, probabilistic debt analysis, Markov-switching models, and wavelets analysis in assessing fiscal sustainability. By offering a comprehensive overview, this analysis aspires to direct forthcoming inquiries and contribute to the ongoing discussion surrounding the assessment of fiscal stability. © 2023 by the authors.
dc.language.isoeng
dc.publisherMultidisciplinary Digital Publishing Institute (MDPI)
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85180500663&doi=10.3390%2feconomies11120300&partnerID=40&md5=6bb309c07dace16243e6870a0ff480a3
dc.sourceEconomies
dc.sourceEconomies
dc.sourceScopus
dc.subjectBibliometric analysiseng
dc.subjectEconomic stabilityeng
dc.subjectEconomicseng
dc.subjectFiscal policyeng
dc.subjectFiscal sustainabilityeng
dc.titleAssessing Fiscal Sustainability in the Landscape of Economics Researcheng
dc.typearticle
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.publisher.programIngeniería Financieraspa
dc.type.spaArtículo
dc.identifier.doi10.3390/economies11120300
dc.relation.citationvolume11
dc.relation.citationissue12
dc.publisher.facultyFacultad de Ingenieríasspa
dc.affiliationMarín-Rodríguez, N.J., Grupo de Investigación en Ingeniería Financiera GINIF, Programa de Ingeniería Financiera, Facultad de Ingenierías, Universidad de Medellín, Medellín, 050026, Colombia
dc.affiliationGonzalez-Ruiz, J.D., Grupo de Investigación en Finanzas y Sostenibilidad, Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia, Sede Medellín, Medellín, 050034, Colombia
dc.affiliationBotero, S., Departamento de Ingeniería de la Organización, Facultad de Minas, Universidad Nacional de Colombia—Sede Medellín, Medellín, 050034, Colombia
dc.relation.referencesAbeysinghe, T., Mao, K., Zhang, X., Welfare spending and fiscal sustainability: Segmented-trend panel-regression analysis of Chinese provinces (2022) Journal of the Asia Pacific Economy, 27, pp. 358-378
dc.relation.referencesAfonso, A., Fiscal Sustainability: The Unpleasant European Case (2005) FinanzArchiv, 61, pp. 19-44
dc.relation.referencesAfonso, A., Rault, C., What do we really know about fiscal sustainability in the EU? A panel data diagnostic (2010) Review of World Economics, 145, pp. 731-755
dc.relation.referencesAfonso, A., Furceri, D., Government size, composition, volatility and economic growth (2010) European Journal of Political Economy, 26, pp. 517-532
dc.relation.referencesAfonso, A., Alves, J., Does government spending efficiency improve fiscal sustainability? (2023) European Journal of Political Economy 102403
dc.relation.referencesAfonso, A., St. Aubyn, M., Cross-country efficiency of secondary education provision: A semi-parametric analysis with non-discretionary inputs (2006) Economic Modelling, 23, pp. 476-491
dc.relation.referencesAfonso, A., Furceri, D., Gomes, P., Sovereign credit ratings and financial markets linkages: Application to European data (2012) Journal of International Money and Finance, 31, pp. 606-638
dc.relation.referencesAfonso, A., Schuknecht, L., Tanzi, V., Public sector efficiency: An international comparison (2005) Public Choice, 123, pp. 321-347
dc.relation.referencesAfonso, A., Gomes, P., Rother, P., Short- and long-run determinants of sovereign debt credit ratings (2011) International Journal of Finance & Economics, 16, pp. 1-15
dc.relation.referencesAkram, V., Rath, B.N., What do we know about fiscal sustainability across Indian states? (2020) Economic Modelling, 87, pp. 307-321
dc.relation.referencesAlho, J., Lassila, J., Assessing components of uncertainty in demographic forecasts with an application to fiscal sustainability (2023) Journal of Forecasting, 42, pp. 1560-1568
dc.relation.referencesArestis, P., Şen, H., Kaya, A., On the linkage between government expenditure and output: Empirics of the Keynesian view versus Wagner’s law (2021) Economic Change and Restructuring, 54, pp. 265-303
dc.relation.referencesAria, M., Cuccurullo, C., Bibliometrix: An R-tool for comprehensive science mapping analysis (2017) Journal of Informetrics, 11, pp. 959-975
dc.relation.referencesAyala, A., Blazsek, S., Fiscal Sustainability of Eurozone Governments: An Empirical Review of the Past Decade (2014) Review of European Studies, 6, pp. 143-150
dc.relation.referencesBaharumshah, A.Z., Soon, S.-V., Lau, E., Fiscal sustainability in an emerging market economy: When does public debt turn bad? (2017) Journal of Policy Modeling, 39, pp. 99-113
dc.relation.referencesBalassone, F., Francese, M., Zotteri, S., Cyclical asymmetry in fiscal variables in the EU (2010) Empirica, 37, pp. 381-402
dc.relation.referencesBarnhill, T., Kopits, G., (2003) Assessing Fiscal Sustainability under Uncertainty, , https://ssrn.com/abstract=879155, IMF Working Paper No. 03/79, Available online
dc.relation.referencesBazán, C., Álvarez-Quiroz, V.J., Olivares, Y.M., Wagner’s Law vs. Keynesian Hypothesis: Dynamic Impacts (2022) Sustainability, 14
dc.relation.referencesBostan, I., Tudose, M.B., Clipa, R.I., Chersan, I.C., Clipa, F., Supreme Audit Institutions and Sustainability of Public Finance. Links and Evidence along the Economic Cycles (2021) Sustainability, 13
dc.relation.referencesBrady, G.L., Magazzino, C., Fiscal Sustainability in the EU (2018) Atlantic Economic Journal, 46, pp. 297-311
dc.relation.referencesBudina, N., van Wijnbergen, S., Quantitative Approaches to Fiscal Sustainability Analysis: A Case Study of Turkey since the Crisis of 2001 (2009) World Bank Economic Review, 23, pp. 119-140
dc.relation.referencesBui, D.-T., Fiscal sustainability in developing Asia—New evidence from panel correlated common effect model (2019) Journal of Asian Business and Economic Studies, 27, pp. 66-80
dc.relation.referencesBuiter, W.H., Grafe, C., Patching up the Pact (2004) Economics of Transition, 12, pp. 67-102
dc.relation.referencesCascio, I.L., A wavelet analysis of US fiscal sustainability (2015) Economic Modelling, 51, pp. 33-37
dc.relation.referencesCelasun, O., Ostry, J.D., Debrun, X., Primary surplus behavior and risks to fiscal sustainability in emerging market countries: A “fan-chart” approach (2006) IMF Staff Papers, 53, pp. 401-425
dc.relation.referencesChansanam, W., Li, C., Scientometrics of Poverty Research for Sustainability Development: Trend Analysis of the 1964–2022 Data through Scopus (2022) Sustainability, 14
dc.relation.referencesChapman, J.I., State and Local Fiscal Sustainability: The Challenges (2008) Public Administration Review, 68, pp. S115-S131
dc.relation.referencesChecherita-Westphal, C., Hallett, A.H., Rother, P., Fiscal sustainability using growth-maximizing debt targets (2014) Applied Economics, 46, pp. 638-647
dc.relation.referencesChellappandi, P., Vijayakumar, C.S., Bibliometrics, Scientometrics, Webometrics/Cybermetrics, Informetrics and Altmetrics--An Emerging Field in Library and Information Science Research (2018) Shanlax International Journal of Education, 7, pp. 5-8
dc.relation.referencesChen, P.-F., US Fiscal Sustainability and the Causality Relationship between Government Expenditures and Revenues: A New Approach Based on Quantile Cointegration (2016) Fiscal Studies, 37, pp. 301-320
dc.relation.referencesCobo, M.J., López-Herrera, A.G., Herrera-Viedma, E., Herrera, F., Science mapping software tools: Review, analysis, and cooperative study among tools (2011) Journal of the American Society for Information Science and Technology, 62, pp. 1382-1402
dc.relation.referencesCroce, E., Juan-Ramon, V.H., Assessing Fiscal Sustainability: A Cross Country Comparison (2003) IMF Working Papers, 3, p. 1
dc.relation.referencesCronin, D., McQuinn, K., The (pro-) cyclicality of government consumption in the EU and official expectations of future output growth: New evidence (2021) International Economics and Economic Policy, 18, pp. 331-345
dc.relation.referencesDolls, M., Doorley, K., Paulus, A., Schneider, H., Siegloch, S., Sommer, E., Fiscal sustainability and demographic change: A micro-approach for 27 EU countries (2017) International Tax and Public Finance, 24, pp. 575-615
dc.relation.referencesDurevall, D., Henrekson, M., The futile quest for a grand explanation of long-run government expenditure (2011) Journal of Public Economics, 95, pp. 708-722
dc.relation.referencesEscario, R., Gadea, M.D., Sabaté, M., Multicointegration, seigniorage and fiscal sustainability. Spain 1857–2000 (2012) Journal of Policy Modeling, 34, pp. 270-283
dc.relation.referencesFaruqee, H., Mühleisen, M., Population aging in Japan: Demographic shock and fiscal sustainability (2003) Japan and the World Economy, 15, pp. 185-210
dc.relation.referencesFeld, L.P., Köhler, E.A., Wolfinger, J., Modeling fiscal sustainability in dynamic macro-panels with heterogeneous effects: Evidence from German federal states (2020) International Tax and Public Finance, 27, pp. 215-239
dc.relation.referencesGabriel, V.J., Sangduan, P., Assessing fiscal sustainability subject to policy changes: A Markov switching cointegration approach (2011) Empirical Economics, 41, pp. 371-385
dc.relation.referencesGlavaški, O., Beker Pucar, E., Heterogeneity of fiscal adjustments in EU economies in the pre- and post-crisis periods: Common correlated effects approach (2021) Eurasian Economic Review, 11, pp. 191-226
dc.relation.referencesGolpe, A.A., Sánchez-Fuentes, A.J., Vides, J.C., Fiscal sustainability, monetary policy and economic growth in the Euro Area: In search of the ultimate causal path (2023) Economic Analysis and Policy, 78, pp. 1026-1045
dc.relation.referencesGruen, D., Spender, D., A Decade of Intergenerational Reports: Contributing to Long-Term Fiscal Sustainability (2012) Australian Economic Review, 45, pp. 327-334
dc.relation.referencesHansen, G.D., İmrohoroğlu, S., Demographic change, government debt and fiscal sustainability in Japan: The impact of bond purchases by the Bank of Japan (2023) Review of Economic Dynamics, 50, pp. 88-105
dc.relation.referencesHood, W.W., Wilson, C.S., The literature of bibliometrics, scientometrics, and informetrics (2001) Scientometrics, 52, pp. 291-314
dc.relation.referencesJensen, S.E.H., Sveinsson, T.S., Vieira, F.B., From Here to There: Achieving Fiscal Sustainability Under Alternative Demographic Contingencies (2021) De Economist, 169, pp. 427-444
dc.relation.referencesKatrakilidis, C., Tsaliki, P., Further evidence on the causal relationship between government spending and economic growth: The case of Greece, 1958–2004 (2009) Acta Oeconomica, 59, pp. 57-78
dc.relation.referencesKaur, A., Kumar, V., Sindhwani, R., Singh, P.L., Behl, A., Public Public debt sustainability: A bibliometric co-citation visualization analysis (2022) International Journal of Emerging Markets
dc.relation.referencesKheifets, I.L., Phillips, P.C.B., Fully modified least squares cointegrating parameter estimation in multicointegrated systems (2023) Journal of Econometrics, 232, pp. 300-319
dc.relation.referencesKirikkaleli, D., Ozbeser, B., New insights into an old issue: Exploring the nexus between government expenditures and economic growth in the United States (2022) Applied Economics Letters, 29, pp. 129-134
dc.relation.referencesKuckuck, J., Testing Wagner’s law at different stages of economic development (2014) Finanzarchiv/Public Finance Analysis, 70, pp. 128-168
dc.relation.referencesLiu, Q., Cui, B., Luo, C., A Study on the Fiscal Sustainability of China’s Provinces (2022) Sustainability, 14
dc.relation.referencesLoizides, J., Vamvoukas, G., Government Expenditure and Economic Growth: Evidence from Trivariate Causality Testing (2005) Journal of Applied Economics, 8, pp. 125-152
dc.relation.referencesMagazzino, C., Mutascu, M., A wavelet analysis of Italian fiscal sustainability (2019) Journal of Economic Structures, 8, p. 19
dc.relation.referencesMahdavi, S., Westerlund, J., Fiscal stringency and fiscal sustainability: Panel evidence from the American state and local governments (2011) Journal of Policy Modeling, 33, pp. 953-969
dc.relation.referencesMarín-Rodríguez, N.J., González-Ruiz, J.D., Valencia-Arias, A., Incorporating Green Bonds into Portfolio Investments: Recent Trends and Further Research (2023) Sustainability, 15
dc.relation.referencesMarín-Rodríguez, N.J., González-Ruiz, J.D., Botero, S.B., Co-Movements among Oil Prices and Financial Assets: A Scientometric Analysis (2022) Sustainability, 14
dc.relation.referencesPinheiro, J., Generational Accounting in Portugal (2021) Portuguese Economic Journal, 20, pp. 181-221
dc.relation.referencesPolat, G.E.ş., Polat, O., Fiscal sustainability analysis in EU countries: A dynamic macro-panel approach (2021) Eastern Journal of European Studies, 12, pp. 219-241
dc.relation.referencesQiu, J., Zhao, R., Yang, S., Dong, K., (2017) Informetrics, , Springer, Singapore
dc.relation.referencesRamos-Herrera, M.D.C., Prats, M.A., Fiscal Sustainability in the European Countries: A Panel ARDL Approach and a Dynamic Panel Threshold Model (2020) Sustainability, 12
dc.relation.referencesRose, S., Institutions and fiscal sustainability (2010) National Tax Journal, 63, pp. 807-837
dc.relation.referencesRouzet, D., Sánchez, A.C., Renault, T., Roehn, O., (2019) Fiscal Challenges and Inclusive Growth in Ageing Societies, , OECD Economic Policy Papers, No. 27, OECD Publishing, Paris
dc.relation.referencesSilvestrini, A., Testing fiscal sustainability in Poland: A Bayesian analysis of cointegration (2010) Empirical Economics, 39, pp. 241-274
dc.relation.referencesSpeel, P.-H., Shadbolt, N., Vries, W.D., Dam, P.H.V., O’Hara, K., Knowledge mapping for industrial purposes (1999) Paper presented at 12th Workshop on Knowledge Acquisition Modeling and Management, pp. 2-7. , Dagstuhl Castle, Germany, May 26–29
dc.relation.referencesSun, W., Lai, H., Liu, D., Tracking China’s Fiscal Sustainability: A Time-Frequency Perspective (2023) Emerging Markets Finance and Trade, 59, pp. 2851-2865
dc.relation.referencesTessmann, M., Sachsida, A., Possa, A., Gadelha, S., The Relationship Between Public Spending and National Income: Empirical Evidence from Brazil from 1997 to 2019 (2022) Review of Economics and Finance, 20, pp. 469-477
dc.relation.referencesTri Wahyudi, S., Harjanto, S., The Toda-Yamamoto causality test for government expenditure and economic growth: A case study in Indonesia (2022) Journal for Global Business Advancement, 15, pp. 181-195
dc.relation.referencesvan Eck, N.J., Waltman, L., Citation-based clustering of publications using CitNetExplorer and VOSviewer (2017) Scientometrics, 111, pp. 1053-1070
dc.relation.referencesYartey, C.A., Turner-Jones, T., (2014) Caribbean Renewal, , Tackling Fiscal and Debt Challenges, International Monetary Fund, Washington, DC
dc.type.versioninfo:eu-repo/semantics/publishedVersion
dc.identifier.reponamereponame:Repositorio Institucional Universidad de Medellín
dc.identifier.repourlrepourl:https://repository.udem.edu.co/
dc.identifier.instnameinstname:Universidad de Medellín


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record