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and gross displays a sensible reduction. We apply three different cointegration tests in the series of government revenue … debt is long-term solvent. Finally, based on the dynamic factor model one forecasts the revenues and expenditures of the …
Persistent link: https://www.econbiz.de/10011516700
and gross displays a sensible reduction. We apply three different cointegration tests in the series of government revenue … debt is long-term solvent. Finally, based on the dynamic factor model one forecasts the revenues and expenditures of the …
Persistent link: https://www.econbiz.de/10011483693
Governments in most developing nations heavily rely on tax revenue to sponsor government expenditure, and Zimbabwe is not an exception. Tax revenue is supposed to be used to grow or develop an economy. This study seeks to analyse the relationship between value-added tax (VAT) and total tax...
Persistent link: https://www.econbiz.de/10012949557
The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010518800
This paper explains and forecasts the demand for banknotes issued in Germany. For small and large denomination notes we …
Persistent link: https://www.econbiz.de/10011334993
The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10011335600
Instead of relying on descriptive statistics to evaluate the permanence of a fiscal contraction, this paper suggests that this issue should be studied using tests for structural breaks in cointegrating relationships between taxes and spending. We label a fiscal contraction as 'permanent' if a...
Persistent link: https://www.econbiz.de/10013208434
Nigeria using the framework of single equation error correction mechanism. The unit root and cointegration tests were …
Persistent link: https://www.econbiz.de/10010491482
The ‘saving for a rainy day’ hypothesis implies that households’ saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010531814
debt and its ratio to GDP. Second, exploiting unit root analysis and cointegration, we test for the sustainability of …
Persistent link: https://www.econbiz.de/10010281948