Koh, Wee Chian - In: Journal of Southeast Asian economies 33 (2016) 1, pp. 83-94
This paper examines the conduct of fiscal policy in Brunei from 2003Q1 to 2014Q2, focusing on the cyclical patterns in government expenditure. The results from a structural vector autoregression model provide evidence that fiscal policy in Brunei is procyclical, which has an expansionary effect...