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Impact of government expenditure on economic growth in Nigeria, 1970-2019

Aluthge, Chandana; Jibir, Adamu; Abdu, Musa - In: CBN journal of applied statistics 12 (2021) 1, pp. 139-174

This study investigates the impact of Nigerian government expenditure (disaggregated into capital and recurrent) on …-integration analysis. The key ﬁndings of the study are that capital expenditure has positive and signiﬁcant impact on economic growth both … in the short run and long run while recurrent expenditure does not have signiﬁcant impact on economic growth both in the …

Persistent link: https://www.econbiz.de/10012604411

Budget Deficits Effects on Tunisian Economic Growth

Helali, Kamel; Maha, Kalai - 2021

The objective of this study was to examine the budget deficit impact on economic growth in Tunisia over the period 1970-2018. We proposed a theoretical model highlighting linear and non-linear effects of the budget deficit on economic growth. Using the Autoregressive Distributed Lag model, this...

Persistent link: https://www.econbiz.de/10013220661

Tax-and-Spend Principle in Budget Management in Sri Lanka in the Post Reform Period

Maitra, Biswajit - 2015

The correlation between a government's expenditure and revenue has attracted a lot of interest thanks to its policy … relevance. This paper delves into the fiscal adjustment process through the expenditure and the revenue of Sri Lanka in the post …-reform era from 1979 to 2009. The Augmented Dickey–Fuller study for the unit root testifies that both expenditure and revenue in …

Persistent link: https://www.econbiz.de/10013036881

Estimating fiscal multipliers in selected Asian economies

Dime, Roselle; Ginting, Edimon; Zhuang, Juzhong - 2021

This paper estimates fiscal multipliers using quarterly data for a panel of nine developing Asian economies, following a vector autoregression model specification, but using local projections to extract the impulse responses. We provide evidence that the 4-quarter and 8-quarter cumulative...

Persistent link: https://www.econbiz.de/10012607947

Structural Breaks, Unit Roots, and Cointegration : A Further Test of the Sustainability of the Indian Fiscal Deficit

Jha, Raghbendra - 2011

If public expenditure and public revenue are I (0), public debt is sustainable, butif these are I (1) and not … expenditure series are I(1) and cointegrated with regime shifts. Hence, Indian public debt may not be unsustainable …

Persistent link: https://www.econbiz.de/10012757105

Is There a Signalling Role for Public Wages? Evidence for the Euro Area Based on Macro Data

Pérez, Javier J. - 2010

Do public sector wages exert presures on private sector wages, or has private sector a leadership role in wage setting? This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other determinants os wages (prices, productivity,...

Persistent link: https://www.econbiz.de/10013149144

The Impact of r-g on the Euro-Area Government Spending Multiplier

di Serio, Mario; Fragetta, Matteo; Melina, Giovanni - 2021

We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowthdifferential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negativematters for the size of the multiplier. Median estimates vary conditional on the specification, but...

Persistent link: https://www.econbiz.de/10013243042

Causality between Public Expenditure and Economic Growth : The Indian Case

Palamalai, Srinivasan - 2014

This study investigates the causal nexus between public expenditure and economic growth in India using cointegration … confirms the existence of long-run equilibrium relationship between public expenditure and economic growth in India. The … expenditure in the short-run and long-run, supporting the Wagner's law of public expenditure …

Persistent link: https://www.econbiz.de/10013061244

Transmission of Government Spending Shocks in the Euro Area : Time Variation and Driving Forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2021

This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

Persistent link: https://www.econbiz.de/10013316199

Spend-and-Tax Adjustments and the Sustainability of the Government's Intertemporal Budget Constraint

Legrenzi, Gabriella Deborah; Milas, Costas - 2021

We apply non-linear error-correction models to the empirical testing of the sustainability of the government’s intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its intertemporal budget constraint, in spite of the high levels...

Persistent link: https://www.econbiz.de/10013316265