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Tax-Spend or Fiscal Illusion? Allowing for Asymmetric Revenue Effects in Expenditure Error-Correction Models

Young, Andrew T. - 2008

The existing empirical literature on the US federal revenue-expenditure nexus has had mixed findings. Amongst those papers presenting evidence in favor of causation running from taxes to expenditures, support for the conventional, Friedman-type tax-spend hypothesis is nearly ubiquitous. Evidence...

Persistent link: https://www.econbiz.de/10012724482

Fiscal consolidations and electoral outcomes in emerging economies : does the policy mix matter? : macro and micro level evidence from Latin America

Ardanaz, Martín; Hallerberg, Mark; Scartascini, Carlos G. - 2019

Do voters punish governments that introduce fiscal "austerity" measures? If so, does voter response vary according to the design (composition) of fiscal adjustments? What determines the timing of fiscal consolidations? The empirical literature on the political economy of fiscal adjustments,...

Persistent link: https://www.econbiz.de/10012052149

Fiscal sustainability in the presence of structural breaks : does overconfidence on resource exports hurt government's ability to finance debt? ; evidence from Nigeria

Alhaji Jibrilla, Aliyu - In: Cogent economics & finance 4 (2016) 1, pp. 1-27

breaks, the study finds evidence of a cointegration relation between the government revenues and spending. The results did … difficulties in financing its debts in the long run. Lastly, the short run and long run Granger causality results, while providing …

Persistent link: https://www.econbiz.de/10011487675

Desperate times call for desperate measures : government spending multipliers in hard times

Lee, Sokbae; Liao, Yuan; Seo, Myung Hwan; Shin, Youngki - 2020

We investigate state-dependent effects of fiscal multipliers and allow for endogenous sample splitting to determine whether the US economy is in a slack state. When the endogenized slack state is estimated as the period of the unemployment rate higher than about 12 percent, the estimated...

Persistent link: https://www.econbiz.de/10012237148

What are the Effects of Fiscal Policy Shocks? A VAR-based Comparative Analysis

Caldara, Dario - 2009

The empirical literature using vector autoregressive models to assess the effects of fiscal policy shocks strongly disagrees on even the qualitative response of key macroeconomic variables to government spending and tax shocks. We provide new evidence for the U.S. over the period 1955-2006. We...

Persistent link: https://www.econbiz.de/10012766572

Demographic change and fiscal sustainability in Asia

Lee, Sang-hyop; Kim, Jungsuk; Park, Donghyun - 2016

Changes in the population age structure can have a significant effect on fiscal sustainability since they can affect both government revenues and expenditures. For example, population aging will increase expenditures on the elderly while reducing potential growth and hence revenues. In this...

Persistent link: https://www.econbiz.de/10011579017

Asymmetric relationship between government revenues and expenditures in a developing economy : evidence from a non-linear model

Raza, Syed Ali; Hassan, Syed Zaki; Sharif, Arshian - In: Global business review 20 (2019) 5, pp. 1179-1195

Persistent link: https://www.econbiz.de/10012137586

Tax and spend, spend and tax or fiscal synchronization in India : evidence from ARDL bound testing approach

Samal, Asharani - In: The empirical economics letters : a monthly … 16 (2017) 8, pp. 773-782

Persistent link: https://www.econbiz.de/10011906652

How to achieve and sustain fiscal discipline in Turkey : rising Taxes, reducing government spending or a combination of both?

Kaya, Ayşe; Şen, Hüseyin - In: Romanian journal of fiscal policy : RJFP 4 (2013) 1, pp. 1-26

autoregression (VAR) method along with the Granger causality test (1969). The empirical findings indicate that there is a uni …-directional causality running from spending to tax revenue. In other words, our findings support the spend-and-tax hypothesis for fiscal … discipline in Turkey over the period of 1975 - 2011. Since there is a uni-directional causality, running from government spending …

Persistent link: https://www.econbiz.de/10010480260

Changes in the Fiscal Stance and the Composition of Public Spending

Stancik, Juraj; Valila, Timo - 2009

The share of public investment relative to consumption expenditure has declined in past decades. Earlier literature has attributed this stylised fact variably to the relative political ease of cutting investment; different cyclical patterns of public investment and consumption; or to EMU’s...

Persistent link: https://www.econbiz.de/10014201204