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expenditures. Preliminary results show that revenues and expenditures do not have a long-run relationship and hence a rejection of … expenditures in order to place emphasis on the structural component. We argue that the structural component of fiscal variables … represents the actual long term behaviour of the policymaker. Further results indicate that structural revenues and expenditures …
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The main purpose of this paper is to investigate the relationship between tax revenue and government spending in order to make some policy suggestions on how to achieve fiscal discipline in Turkey. We have used the cointegrated vector autoregression (VAR) method along with the Granger causality...
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The impact assessment of macroeconomic policies on public health expenditure is very relevant in Indian economy because … of tax reform, fiscal consoli- dation, and expenditure policy reform. These have been undertaken after economic … slowing down of growth in public health expenditure and a huge disparity in the allocation of budget toward health care among …
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The core emphasis of rules-based fiscal legislation at the subnational level in India is to achieve debt sustainability through a numerical ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out revenue deficits. Using the Arellano Bond Panel...
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