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Nigeria using the framework of single equation error correction mechanism. The unit root and cointegration tests were …
Persistent link: https://www.econbiz.de/10010480256
Johansen's cointegration test and vector error correction model to serve the purpose. The empirical analysis provides the …
Persistent link: https://www.econbiz.de/10013112037
Contributing to the controversial issue on the impact of government spending on economic growth, this paper shows that government spending has both long-run and short-run impacts in stimulating aggregate output in Thailand during the floating exchange rate regime. In addition, real money supply...
Persistent link: https://www.econbiz.de/10012834515
This paper provides new evidence on the effect of debt on economic growth through two alternative methodological approaches. On the one hand, by using a panel error correction model with a sample of 130 countries between 1980 and 2020, we found evidence of the existence of a range of debt-to-GDP...
Persistent link: https://www.econbiz.de/10014461312
This paper investigates whether there is a relationship between progressivity of personal income taxation and output growth. Additionally a relation between progressivity of personal income taxation and volatility of output growth is examined. There is a gap in the existing literature examining...
Persistent link: https://www.econbiz.de/10013019472
In recent times, Africa has experienced remarkable economic growth; nonetheless, this advancement remains far from being considered inclusive, given the persistently high levels of poverty and income inequality across the continent. To this end, this study investigates the role of fiscal policy...
Persistent link: https://www.econbiz.de/10014501082
The main goal of this article is to find the relationship between public fiscal policy and economic growth. The article consist of a few parts. The first is an introduction, which creates the background for the analysis in the following sections. It shows the main point of view on public fiscal...
Persistent link: https://www.econbiz.de/10010515544
This study provides an overview of tax structures in LAC before the COVID-19 pandemic, compares it to OECD countries, and provides recommendations for growth-friendly and inclusive tax policy reforms. LAC countries collect significantly lower tax revenue relative to OECD countries and have tax...
Persistent link: https://www.econbiz.de/10013295146
cointegration tests, VAR models with an error-correction term, impulse responses, variance decompositions and forecasts generated … Indian real output. Finally, forecasts generated for the period 2012-2016 are promising; total tourism expenditure compared … to the previous half-decade will grow at a similar pace and optimistic forecasts are generated for the case of LTS, BTS …
Persistent link: https://www.econbiz.de/10009755530
Can a growing welfare state induce a regime switch in the growth rate of an economy? This paper constructs a dynamic political economy model of economic growth and the welfare state in which both variables are non-linearly related and jointly endogenous. Using a Markov switching framework over...
Persistent link: https://www.econbiz.de/10010260719