The Experts below are selected from a list of 33318 Experts worldwide ranked by ideXlab platform
Paresh Kumar Kumar Narayan - One of the best experts on this subject based on the ideXlab platform.
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Government revenue and Government Expenditure nexus evidence from developing countries
Applied Economics, 2006Co-Authors: Paresh Kumar Kumar Narayan, Seema NarayanAbstract:The relationship between Government revenue and Government Expenditure has attracted a lot of interest given its policy relevance, particularly with respect to budget deficits. The goal of this paper is to investigate evidence for causality between Government revenue and Government Expenditure within a multivariate framework by modelling them together with gross domestic product for 12 developing countries. Our application of the Toda and Yamamoto (1995) test for Granger causality reveals support for the tax-and-spend hypothesis for Mauritius, El Salvador, Haiti, Chile and Venezuela. For Haiti, there is evidence for the spend-and-tax hypothesis, while for Peru, South Africa, Guatemala, Uruguay and Ecuador there is evidence of neutrality.
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Government revenue and Government Expenditure nexus evidence from developing countries
Applied Economics, 2006Co-Authors: Paresh Kumar Kumar Narayan, Seema NarayanAbstract:The relationship between Government revenue and Government Expenditure has attracted a lot of interest given its policy relevance, particularly with respect to budget deficits. The goal of this paper is to investigate evidence for causality between Government revenue and Government Expenditure within a multivariate framework by modelling them together with gross domestic product for 12 developing countries. Our application of the Toda and Yamamoto (1995) test for Granger causality reveals support for the tax-and-spend hypothesis for Mauritius, El Salvador, Haiti, Chile and Venezuela. For Haiti, there is evidence for the spend-and-tax hypothesis, while for Peru, South Africa, Guatemala, Uruguay and Ecuador there is evidence of neutrality.
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the Government revenue and Government Expenditure nexus empirical evidence from nine asian countries
Journal of Asian Economics, 2005Co-Authors: Paresh Kumar Kumar NarayanAbstract:The nexus between Government revenue and Government Expenditure has been an important topic in public economics. In this paper, we investigate evidence for cointegration and causality between Government revenue and Government Expenditure for nine Asian countries. We use the recently developed bounds testing approach to cointegration and the conventional F-test to examine Granger causality. Our empirical results suggest that for three out of the nine countries Government revenue and Government Expenditure are cointegrated. Our results on the direction of causation are mixed: (a) for Indonesia, Singapore, Sri Lanka in the short-run and for Nepal in both the short- and long-run we find support for the tax-and-spend hypothesis; (b) Indonesia and Sri Lanka are in conformity with the spend-and-tax hypothesis in the long-run; and (c) for other countries there is evidence of neutrality.
Ducanh Le - One of the best experts on this subject based on the ideXlab platform.
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Government Expenditure external and domestic public debt and economic growth
Journal of Public Economic Theory, 2019Co-Authors: Phu Nguyenvan, Amelie Barbiergauchard, Ducanh LeAbstract:This paper analyzes the relationship between Government Expenditure, tax on returns to asset, public debt, and economic growth. Public debt is composed of two components, domestic debt and external debt. We show that an increase in the tax rate on returns to asset leads to an increase in Government Expenditure, consumption, and domestic debt. However, the impact of tax rate on external debt is unclear. In some situation, in particular when the productivity of capital on production is low (high) and the tax rate is lower (higher) than a threshold, the relation between external debt and the tax rate has a bell-shaped form, i.e. external debt firstly rises then decreases with the tax rate.
Qianxue Zhang - One of the best experts on this subject based on the ideXlab platform.
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does Government Expenditure affect environmental quality empirical evidence using chinese city level data
Journal of Cleaner Production, 2017Co-Authors: Qianxue Zhang, Shengling Zhang, Zhiyi Ding, Yu HaoAbstract:Abstract With rapid economic development, the Chinese Government Expenditures at various levels have increased sufficiently. At the same time, the environmental pollution in China has deteriorated significantly. In this study, the city-level panel data of 106 Chinese cities over the 2002–2014 period are utilized to investigate the impacts of Government Expenditure on the emissions of three typical pollutants. Specifically, the total effects are divided into two types: direct effects, through which Government Expenditure affects pollution directly; and indirect effects, which refer to the indirect influences of Government Expenditure on environmental pollution through its impacts on GDP per capita. To control for potential endogeneity and introduce dynamics, the generalized method of moments (GMM) method is utilized. The estimation results indicate that the total effects of Government Expenditure on these three pollutants are very different: for sulfur dioxide (SO 2 ), soot and chemical oxygen demand (COD), the total effects are decreasing, inverted-U and U-shaped, respectively. Furthermore, the indirect effects dominate the direct effects.
Stephen J. Turnovsky - One of the best experts on this subject based on the ideXlab platform.
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PRODUCTIVE Government Expenditure IN A STOCHASTICALLY GROWING ECONOMY
Macroeconomic Dynamics, 1999Co-Authors: Stephen J. TurnovskyAbstract:This paper analyzes productive Government Expenditure in a stochastic AK growth model. First, a centrally planned economy is characterized, emphasizing the trade-off between the effects of both deterministic and stochastic Government Expenditures on the equilibrium growth rate and its variance. Both the growth-maximizing and the welfare-maximizing shares of Government Expenditure are derived and shown to depend (differentially) upon the degree of risk in the economy. Whereas production risk reduces the welfare-maximizing share of Government Expenditure, it may either increase or decrease the growth-maximizing share, depending upon the degree of risk aversion. Next, the stochastic equilibrium in a decentralized economy is derived. The first-best optimal tax structure is characterized and its dependence on risk is determined. The formal analysis is supplemented by some numerical simulations to assess the quantitative significance of risk and the divergence that this generates between the welfare-maximizing and growth-maximizing size of Government.
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Productive Government Expenditure in a Stochastically Growing Economy
Research Papers in Economics, 1998Co-Authors: Stephen J. TurnovskyAbstract:This paper analyzes productive Government Expenditure in a stochastic AK growth model. First, a centrally planned economy is characterized, emphasizing the trade-off between the effects of both deterministic and stochastic Government Expenditures on the equilibrium growth rate and its variance. Both the growth-maximizing and the welfare-maximizing shares of Government Expenditure are derived and shown to depend (differentially) upon the degree of risk in the economy. Whereas production risk reduces the welfare-maximizing share of Government Expenditure, it may either increase or decrease the growth-maximizing share, depending upon the degree of risk aversion. Next, the stochastic equilibrium in a decentralized economy is derived. The first-best optimal tax structure is characterized and its dependence on risk is determined. The formal analysis is supplemented by some numerical simulations to assess the quantitative significance of risk and the divergence that this generates between the welfare-maximizing and growth-maximizing size of Government. (This abstract was borrowed from another version of this item.) (This abstract was borrowed from another version of this item.)
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the composition of Government Expenditure and its consequences for macroeconomic performance
Journal of Economic Dynamics and Control, 1995Co-Authors: Stephen J. Turnovsky, Walter H FisherAbstract:Abstract This paper employs the intertemporal optimizing market-clearing framework to compare the effects of Government consumption Expenditure and Government infrastructure Expenditure on macroeconomic adjustment and performance. Particular attention is focused on the time path of the capital stock and its adjustment to both permanent and temporary changes in Government Expenditure are considered. We show how the effects of both forms of Government Expenditure on economic welfare can be broken down into: 1. (i) a direct crowding-out effect and 2. (ii) a second component which describes the intertemporal tradeoffs between the short-run rate of capital accumulation and the resulting change in the capital stock.
Phu Nguyenvan - One of the best experts on this subject based on the ideXlab platform.
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Government Expenditure external and domestic public debt and economic growth
Journal of Public Economic Theory, 2019Co-Authors: Phu Nguyenvan, Amelie Barbiergauchard, Ducanh LeAbstract:This paper analyzes the relationship between Government Expenditure, tax on returns to asset, public debt, and economic growth. Public debt is composed of two components, domestic debt and external debt. We show that an increase in the tax rate on returns to asset leads to an increase in Government Expenditure, consumption, and domestic debt. However, the impact of tax rate on external debt is unclear. In some situation, in particular when the productivity of capital on production is low (high) and the tax rate is lower (higher) than a threshold, the relation between external debt and the tax rate has a bell-shaped form, i.e. external debt firstly rises then decreases with the tax rate.
