Showing 1 - 10 of 61
Recurrent large fiscal deficits and accumulating public debt frequently ring alarm bells around the world on the sustainability of U.S. federal fiscal policy. The present-value borrowing constraint, which states that, for the fiscal policy to be sustainable the current debt stock should match...
Persistent link: https://www.econbiz.de/10009363284
The paper examines the temporal relationship between revenues and expenditures for the four southern states during 1980 to 2005. Using an error-correction model and Granger causality test, it finds that the taxspend hypothesis is supported by the analsysis. The spend-tax hypothesis is valid for...
Persistent link: https://www.econbiz.de/10009363317
cointegration, which is more appropriate for estimating small sample studies. The data span for the study is from 1975 to 2006. The …
Persistent link: https://www.econbiz.de/10009363557
This paper explores the linkages between the different stock markets in the Greater China region. Cointegration tests …
Persistent link: https://www.econbiz.de/10009365377
The recent de-emphasizing of the role of money in both theoretical macroeconomics as well as in the practical conduct of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however, been accumulating, pointing to an important leading...
Persistent link: https://www.econbiz.de/10009365497
century have been strikingly different. In contrast to China, Mexico has not managed to increase the value added of its … learning and the development of capabilities of indigenous firms in Mexico and China in order to shed light on why China is … outperforming Mexico. We find that Mexico and China have had starkly different approaches to economic reform in this area. Mexicos …
Persistent link: https://www.econbiz.de/10009365144
inter-generational transmission of poverty. Given this perspective, the paper addresses the question : to what extent has …
Persistent link: https://www.econbiz.de/10009363304
It is an empirical fact that it is very difficult to balance economic growth, poverty reduction, and environment … targeting of the chronic issue of poverty reduction without causing damage to the natural environment. It is in this context …
Persistent link: https://www.econbiz.de/10009363423
This paper assesses the effect of public and private sector growth on poverty in Indonesia. We use fixed capital … find that growth in both sectors significantly reduces poverty; moreover, they have the same elasticity. Therefore, growth … in both public and private sector spending will reduce poverty twice as fast as just relying on public spending. The …
Persistent link: https://www.econbiz.de/10009363529
inter-generational transmission of poverty. Given this perspective, the paper addresses the question : to what extent has …
Persistent link: https://www.econbiz.de/10009363579