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fiscal institutions on public spending volatility for a panel of 23 EU countries over the 1980–2007 period. The dependent … variable is the volatility of discretionary fiscal policy, which does not represent reactions to changes in economic conditions …. Our baseline results thus give support to the strengthening of institutions to deal with excessive levels of discretion …
Persistent link: https://www.econbiz.de/10013231899
This study examined the composition effect of government expenditure on private consumption and output growth in Nigeria using the framework of single equation error correction mechanism. The unit root and cointegration tests were conducted on the variables of interest while single equations...
Persistent link: https://www.econbiz.de/10010480256
Public discussion of federal fiscal policy typically focuses on several familiar metrics of performance, including the total deficit, the level of public debt and percentage of federal spending committed to mandatory spending and net interest payments. While useful, these measures are based on...
Persistent link: https://www.econbiz.de/10014050777
Over the past decade, public expenditure in Slovakia was characterised by substantial social transfers and high public sector wage expenses. This paper analyses the main features of Slovakia's public expenditure system, reviews expenditure trends, and discusses recent reform initiatives. The...
Persistent link: https://www.econbiz.de/10014215708
This paper discusses the management of public expenditures in Indonesia in State Budget 2017. The data collected from fiscal policy documents, especially about government spending plans in 2017, and then be reviewed by policy analysis, the theory of public expenditures, and the theory of public...
Persistent link: https://www.econbiz.de/10012918096
This study replicates the research of economist Richard Vedder, who conducted a study in 1987 (and subsequently updated the data in 1991, 2007, and 2010) which reviewed four decades of empirical data on the relationship between tax increases and government expenditure. The original study...
Persistent link: https://www.econbiz.de/10014356848
This paper investigates the impact of long-run government expenditure and economic growth in different states in South Africa. Economic growth has been below the policy target of 5% stipulated in the National Development Plan Vision 2030, while government expenditure growth has been volatile but...
Persistent link: https://www.econbiz.de/10014500814
With a sluggish economy, high unemployment, and unprecedented deficit spending, growing the economy and curbing federal spending are top priorities in Washington. A now-popular target for reform is regulation, which even President Obama claims to have "stifled innovation" and to have had "a...
Persistent link: https://www.econbiz.de/10013125656
New indicators measuring the effects of public spending on inclusive growth have been constructed using recent empirical work by Fournier and Johansson (2016) and a recent public finance dataset (Bloch et al., 2016). A first set of indicators combines information on the mix of public spending....
Persistent link: https://www.econbiz.de/10011914165
It has almost become the conventional wisdom that there should be rules governing the size of the budget deficits, without regard for the impact of such deficits on the macro economy. This is reflected in the push for a balanced budget in the United States and the 3 percent deficit to GDP ratio...
Persistent link: https://www.econbiz.de/10014065054