Similar Search Results

Composition effects of government expenditure on private consumption and output growth in Nigeria: A single-equation error correction modelling

Dada, Matthew Abiodun - In: Romanian Journal of Fiscal Policy (RJFP) 4 (2013) 2, pp. 18-34

Nigeria using the framework of single equation error correction mechanism. The unit root and cointegration tests were …

Persistent link: https://www.econbiz.de/10010491482

Testing Wagner's law at different stages of economic development: A historical analysis of five Western European countries

Kuckuck, Jan - 2012

individual stages of income development and apply advanced cointegration and vector error correction analyses. In line with …

Persistent link: https://www.econbiz.de/10010289312

Political competition and convergence to fundamentals : with application to the political business cycle and the size of government

Ferris, J. Stephen; Park, Soo-Bin; Winer, Stanley L. - 2006

We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. The problem is first posed in a particular context by uncovering a political business cycle (using Canadian data for 130 years) and by taking up the challenge to make...

Persistent link: https://www.econbiz.de/10010276133

What are the effects of fiscal policy shocks? A VAR-based comparative analysis

Caldara, Dario; Kamps, Christophe - 2008

The empirical literature using vector autoregressive models to assess the effects of fiscal policy shocks strongly disagrees on even the qualitative response of key macroeconomic variables to government spending and tax shocks. We provide new evidence for the U.S. over the period 1955-2006. We...

Persistent link: https://www.econbiz.de/10011604923

Whether to decentralize and how to decentralize? The optimal fiscal federalism in an endogenous growth model

Chen, Xiaodong; Mi, Haoming; Zhou, Peng - 2023

We develop an endogenous growth model with public consumption and infrastructure services provided by two-tier governments. Growth performance and welfare implication are compared under the centralized and decentralized fiscal federal systems. In general, there is a trade-off between welfare and...

Persistent link: https://www.econbiz.de/10014480479

Fiscal consolidation by austerity and EU surveillance policies

Iancu, Aurel; Olteanu, Dan - 2015

After a brief introduction dealing with critical opinions of some economists on the European austerity policy, the authors point out that austerity as a means of achieving fiscal consolidation and financial stability is applied when the fiscal domain is weak. After analyzing the effects of the...

Persistent link: https://www.econbiz.de/10011930799

Impact of government expenditure on economic growth in different states in South Africa

Buthelezi, Eugene Msizi - In: Cogent Economics & Finance 11 (2023) 1, pp. 1-17

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/10015074918

Ageing, Government Budgets, Retirement, and Growth

Gonzalez-Eiras, Martín; Niepelt, Dirk - 2011

We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...

Persistent link: https://www.econbiz.de/10011430084

Structural breaks, parameter stability and energy demand modeling in Nigeria

Omisakin, Olusegun A.; Adeniyi, Oluwatosin A.; … - In: International Journal of Economic Sciences and Applied … 5 (2012) 2, pp. 129-144

petroleum products for Nigeria from 1977 to 2008. In contrast to earlier studies on Nigeria and other developing countries, this … conventional residual-based cointegration tests employed fail to identify any meaningful long run relationship in both functions …, the Gregory- Hansen structural break cointegration approach confirms the cointegration relationships despite the …

Persistent link: https://www.econbiz.de/10010289392

Did US Consumers 'Save for a Rainy Day' Before the Great Recession?

Anundsen, André Kallåk; Nymoen, Ragnar - 2015

The ‘saving for a rainy day’ hypothesis implies that households’ saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...

Persistent link: https://www.econbiz.de/10010531814