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readme:
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This directory contains the data and the R codes used for chapter 2.3 in

"Public Debt, Sustainability and Economic Growth: Theory and Empirics" 

by Alfred Greiner and Bettina Fincke

published by Springer, Berlin, 2014.


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data:
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the data used are in the file data.txt

debtratio is the ratio of public debt to GDP, debtratiolagged is the ratio of
public debt to GDP of the previous period (i.e. in t-1), psratio is the ratio
of the primary surplus to GDP;


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R codes:
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The estimations were done with the package mgcv, version 1.6-1, in R, version
2.9.0; the software can be downloaded from http://www.r-project.org/

The codes and the output produced is contained in the file Rcodes.txt


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