Showing 1 - 10 of 11,213
consist of current and capital expenditures. To address this question, we employ the VAR model, the Johansen Cointegration …
Persistent link: https://www.econbiz.de/10012819391
expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively …
Persistent link: https://www.econbiz.de/10011310235
This paper examines whether fiscal illusion can help to explain the behavior of federal government expenditures in Brazil during period 1990-2011. The analyses is based on a median voter model that admits that the degree of tax visibility may affect the individual's perception of his tax burden...
Persistent link: https://www.econbiz.de/10010330709
Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the …
Persistent link: https://www.econbiz.de/10011938320
expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that …
Persistent link: https://www.econbiz.de/10010312651
This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case studies of ambitious reform episodes. We find that ambitious reform countries reduce...
Persistent link: https://www.econbiz.de/10011604680
This paper assesses recent theorising and empirical evidence on the impact of fiscal policy—taxes, public expenditures and budget deficits—on long-run growth. It considers the relevance of recent advances in growth theory for low-income countries and compares the evidence for low-income...
Persistent link: https://www.econbiz.de/10010279253
The paper proposes a panel cointegration analysis of the joint development of government expenditures and economic …
Persistent link: https://www.econbiz.de/10010298396
We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. The problem is first posed in a particular context by uncovering a political business cycle (using Canadian data for 130 years) and by taking up the challenge to make...
Persistent link: https://www.econbiz.de/10010276133
-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … Langfristbeziehung differenziert werden. In der Tat deutet Kointegration zwischen den gemeinsamen Faktoren der zugrundeliegenden …. Kausalitätstests ergeben eine bidirektionale kausale Beziehung zwischen Energieverbrauch und Wirtschaftswachstum. …
Persistent link: https://www.econbiz.de/10010273561