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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
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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
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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
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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
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Demographic Change and Fiscal Sustainability in Asia
Lee, Sang-Hyop - 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/10012986580
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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
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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
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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
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Changes in the fiscal stance and the composition of public spending
Stančík, Juraj; Välilä, Timo - 2010
We consider the impact of both cyclical and structural changes in the fiscal stance on public spending composition for a panel of EU countries, including individual components of public investment. We find that both cyclically-induced and structural changes in the fiscal stance affect the...
Persistent link: https://www.econbiz.de/10008939328
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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