Abhatoo - Centre Nationale de Documentation

1. Theoretical framework and empirical literature review
1.1 Studies on public debt and deficits – internal sustainability
1.2 Current account (and foreign debt) risks – external sustainability
1.3 Empirical studies on external sustainability
2. Overview : external and internal imbalances in South-MED, 1990- 2015
2.1 Economic growth
2.2 Fiscal imbalances
2.3 External imbalances
2.4 Interim conclusions
3. Internal and external sustainability : econometric analysis
3.1. Empirical approach
3.1 Internal and external sustainability – unit root tests
3.2 Internal and external sustainability – cointegration tests
3.3 Interim conclusions
3.4 Internal and external ‘effective’ sustainability – further analysis
3.5 The direction of causality
3.6 Discussion
4. Fiscal policy responses – austerity measures
4.1 Algeria
4.2 Egypt
4.3 Lebanon
4.4 Tunisia
4.5 Jordan
4.6 Morocco