Fiscal sustainability Across the EU and Other Potential Member countries

This discussion paper focuses on the long-run mean-reverting properties of debt to GdP ratio and the role of the government in shaping the fiscal policy across the different regions for the period 2000-2011. the material, evaluates the solvency condition by mean of panel unit root and also estimate the fiscal responses of fiscal policy in 27 european union and euro area and other future and potential member countries in a panel Var.