Search Results - subject:"BUDGET DEFICIT"

Some Kaleckian remarks on modern monetary theory in light of a paper by Drumetz/Pfister

Sawyer, Malcolm C. - In: European Journal of Economics and Economic Policies: … 20 (2023) 1, pp. 67-77

This paper provides remarks on modern monetary theory (MMT) from a Kaleckian perspective in response to a paper by Drumetz/Pfister. The distinction between initial financing and final financing is drawn up to argue for clear separation of how expenditure is financed and funded, and pointing to...

Persistent link: https://www.econbiz.de/10014441463

An empirical investigation of macroeconomic determinants of public debt in Ghana

Musah, Ibrahim - In: Cogent Economics & Finance 11 (2023) 2, pp. 1-29

Ghana has a lengthy history of accumulating public debt, primarily driven by the expansion of fiscal deficits. This has resulted in a persistent increase in the public debt ratio, as the country borrowed both externally and internally to stimulate economic growth and augment its capital stock....

Persistent link: https://www.econbiz.de/10015074829

Key macroeconomic determinants of government debt: The case of North Macedonia

Taskovski, Filip - In: Economic Review: Journal of Economics and Business 21 (2023) 2, pp. 35-40

growth of the budget deficit, and as a result of this, the government's debt increased. What is characteristic about North … the dependent variable, and the annual economic growth, the average annual inflation rate, the budget deficit and the … crisis has a strong impact on the public finances of North Macedonia, and the growth of the budget deficit largely causes the …

Persistent link: https://www.econbiz.de/10015165577

To borrow or not to borrow : empirical evidence from the public debt sustainability of Pakistan

Islam, Wajid; Ahmed, Junaid; Faraz, Naseem - 2023

This study aims to evaluate the public debt sustainability of Pakistan using the debt sustainability analysis (DSA) framework and fiscal reaction function (FRF). For the empirical analysis, it uses relevant important macroeconomic variables, such as public debt, external debt, primary balance,...

Persistent link: https://www.econbiz.de/10013533267

Determinants of the degree of fiscal sustainability

Afonso, António; Alves, José; Coelho, José Carlos - 2023

We assess the link between fiscal sustainability coefficients, namely the responses of the primary government balance and the global government balance to the debt-to-GDP ratio, and the response of government revenues to government expenditures. For 22 OECD developed countries we use annual data...

Persistent link: https://www.econbiz.de/10013494178

Strategic effects of stock pollution : the positive theory of fiscal deficits revisited

Kellner, Maximilian - In: Public choice 194 (2023) 1/2, pp. 157-179

Persistent link: https://www.econbiz.de/10013548946

Tanzania’s Budget Deficit and its Effect on Gross Domestic Product : Empirical Analysis

Chindengwike, James - 2023

The study wanted to create the impact of budget deficit on economic growth in Tanzania. The determinants recognized in … the study are foreign exchange, interest rate, budget deficit rate and inflation rate. The theories that were directing … results revealed that the impact of budget deficit on GDP depends on how the funds financing the deficit used, if it was used …

Persistent link: https://www.econbiz.de/10014356161

The Debt Limit

Clarke, Conor - 2023

Every couple of years, the debt limit shows up to wreak havoc in American law and public finance. By capping the face value of government securities that can be “outstanding at one time,” the statutory limit threatens Treasury’s ability to raise the revenue needed to fund required...

Persistent link: https://www.econbiz.de/10014356361

Young Voters and Budget Deficits

Nyhus, Ole Henning; Strøm, Bjarne - 2023

This paper exploits a novel trial in Norwegian local elections in 2011 to provide empirical evidence on fiscal performance from lowering the minimum voting age from 18 to 16. Using a difference in differences research strategy, we find that this voting age change reduced the net operating...

Persistent link: https://www.econbiz.de/10014357513

The Determinants of fiscal deficit in South Africa : a Bayesian vector autoregressive approach

Kasongo, Atoko - In: International journal of economics and financial issues … 13 (2023) 4, pp. 30-36

Persistent link: https://www.econbiz.de/10014416058