Along with monetary tools, fiscal policies have been strong instrument of the government to boost the economy, especially in recession periods, as a reason, the government always has to face budget deficit, whose effect is still controversial. Thus, this paper is aim to clarify the impacts of...

During the process of rapid economic development in Vietnam, the government has confirmed its crucial role of as an active regulator and participant in the market. Nonetheless, it is a common controversy whether the increase in government spending and budget deficit has beneficial influence on...

The paper aims to elaborate the long-run relationship between budget deficit and other macroeconomic variables so as to investigate the impact of deficit on the economic development in Vietnam. The Autoregressive Distributed Lag (ARDL) approach is applied to analyze quarterly data from 2003Q1 to...