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Table 1.

Distinction between successful and un-successful episodes.

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Table 1 Expand

Table 2.

Reduction in debt-to-GDP ratio (Definition-2).

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Table 2 Expand

Table 3.

Macroeconomic variables during successful and un-successful episodes.

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Table 3 Expand

Table 4.

Macroeconomic effects of composition of fiscal adjustment.

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Table 4 Expand

Table 5.

Stationarity evidence from Dickey-Fuller GLS (ERS) test.

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Table 5 Expand

Fig 1.

Influence statistic: Success of fiscal adjustment model.

The impacts of individual data points or groups of data points on a statistical study are measured using influence statistics. The spikes in the graphs based on the two influence measurements indicate outliers in the data.

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Fig 1 Expand

Table 6.

Estimates of the success of fiscal adjustment.

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Table 6 Expand