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Budget-current account deficits nexus in Malaysia
Puah, Chin-Hong; Lau, Evan; Tan, Kim Lee - Volkswirtschaftliche Fakultät, … - 2006
The purpose of this study is to contribute further on the twin deficits debate in a developing economy. The data for Malaysia over four decades is used as a case study. Empirical result obtained from the Johansen-Juselius (1990) cointegration test indicates that budget deficit and current...
Persistent link: https://www.econbiz.de/10011257991
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Influența deficitului bugetar asupra dezvoltării economice a României
Mesea, Oana Elena - Volkswirtschaftliche Fakultät, … - 2012
This paper empirically analyzes the impact of budget deficit on the economic development of Romania. Using the OLS estimates for quarterly series for the period from 2001 to 2011, the results of the estimates prove that there is an indirect relationship between budget deficit and economic growth...
Persistent link: https://www.econbiz.de/10011258080
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Determinantes del déficit del sector público en Bolivia (1980-1987)
Requena, Juan Carlos; Huarachi, Gualberto; Barja, Gover; … - Volkswirtschaftliche Fakultät, … - 1989
Fiscal policy was key determinant of macroeconomic behavior during the 80s, however it is necessary to distinguish the effects of shocks over fiscal policy from those resulting of policy decisions. For that purpose the study uses, with an adjustment, the methodology developed by Marshall and...
Persistent link: https://www.econbiz.de/10008614994
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Balance Estructural del Gobierno Central. Metodología y Estimaciones para Chile
Marcel, Mario - Volkswirtschaftliche Fakultät, … - 2001
In 2001, Chile was one of the first countries in the world to adopt a structural balance fiscal rule. This paper provides the foundations of the choice of the rule, its methodological design and its initial estimates for the period 1987-2000. The paper also includes a discussion about the use of...
Persistent link: https://www.econbiz.de/10011107349
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Determinants of fiscal budget volatility in old versus new EU member states
Mara, Eugenia-Ramona - Volkswirtschaftliche Fakultät, … - 2012
In this study we perform an analysis of the volatility of the budget deficit for EU countries. We address this issue starting from the new requirements of fiscal discipline imposed by the Treaty on Stability, Coordination and Governance adopted by 25 European Union member states and taking into...
Persistent link: https://www.econbiz.de/10011109814
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The Dynamic Causal Relationship between Government Revenue and Government Expenditure Nexus in Ghana
Takumah, Wisdom - Volkswirtschaftliche Fakultät, … - 2014
The relationship between government revenue and government expenditure has been an important topic in public economics, given its relevance for policy especially with respect to the budget deficit. The purpose of this paper is to investigate the relationship between government revenue and...
Persistent link: https://www.econbiz.de/10011111149
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High public debt in the euro area: still a fact
Stoian, Andreea; Alves, Rui Henrique - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we investigate the issues regarding the stabilization of public debt and its decrease down to 60 per cent of GDP for selected European Union countries using the primary balance derived from the public debt dynamic model as a leading indicator. We find that there is a high...
Persistent link: https://www.econbiz.de/10011262861
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Taxation without Commitment
Reis, Catarina - Volkswirtschaftliche Fakultät, … - 2006
This paper considers a Ramsey model of linear capital and labor income taxation in which a benevolent government cannot commit ex-ante to a sequence of taxes for the future. In this setup, if the government is allowed to borrow and lend to the consumers, the optimal capital income tax is zero in...
Persistent link: https://www.econbiz.de/10005619728
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Fiscal Policy Stance in the European Union: The Impact of the Euro
Mencinger, Jernej; Aristovnik, Aleksander - Volkswirtschaftliche Fakultät, … - 2013
especially for the countries of the euro area after entering the European Monetary Union (EMU). Therefore, the aim of this paper … is to evaluate the activity of the fiscal policy before and after the entrance to the euro zone for each individual EMU … states became more expansionary in the period after entering the EMU. Moreover, these preliminary findings were partly …
Persistent link: https://www.econbiz.de/10011258063
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The recessive attitude of EMU policies: reflections on the italian experience, 1998–2008
Canale, Rosaria Rita; Napolitano, Oreste - Volkswirtschaftliche Fakultät, … - 2010
The EMU assigns a very marginal role to economic policy and relies on the leading idea that, if prices are kept … weakened for monetary policy. The paper finally states that the EMU’s rigid rules for both fiscal and monetary policy have …
Persistent link: https://www.econbiz.de/10008614985