Program > Program by speaker > Jaber Adham

We contribute to the fiscal space literature in both technical and empirical perspectives. First, we compute a time-varying fiscal space and show that complex fiscal space numbers resulting from solving the model provide crucial information in assessing fiscal sustainability, thus they should not be ignored. We propose three different scenarios to deal with complex numbers in an empirical framework. Second, we provide a new determinant for fiscal sustainability : sustainable development. Using data from 24 OECD countries from 1998-2015, we find that sustainable development, proxied by an Environmental, Social and Governance performance index, has a robust positive impact on fiscal space.