Search results for " Fiscal Volatility"

showing 2 items of 2 documents

Government size, composition, volatility and economic growth

2008

This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government revenue and spending, the results point out that i) indirect taxes (size and volatility); ii) social contributions (size and volatility); iii) government consumption (size and volatility); iv) subsidies (size); and v) government investment (volatility) have a sizeable, negative and statistically significant effect on growth. info:eu-repo/semantics/publishedVersion

Consumption (economics)Economics and EconometricsGovernmentjel:E62Fiscal VolatilitySubsidyMonetary economicsjel:H50Investment (macroeconomics)Fiscal policyGovernment Size Composition Volatility and GrowthFiscal Policyjel:O40economic growth Fiscal Policy fiscal volatility government sizeEconomic GrowthPolitical Science and International RelationsFiscal Policy; Government Size; Fiscal Volatility; Economic Growth.EconomicsGovernment revenueVolatility (finance)Government SizeIndirect taxEuropean Journal of Political Economy
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Fiscal Policy Responsiveness, Persistence and Discretion

2008

This paper analyzes the different characteristics of fiscal policy using a two-step estimation procedure. First, we decompose both government spending and government revenue into three components: responsiveness, persistence and discretion. Second, we assess the determinants of these characteristics. Using data from 132 countries, our results show that fiscal policy is more persistent than responsive to economic conditions, which implies that the authorities may have less leeway in the short-run notably to curb spending behavior. In addition, countries characterized by greater fiscal persistence have less discretion and responsiveness. Finally, macroeconomic, institutional and geographic va…

Economic ConditionsGovernment spendingPersistence (psychology)EstimationEconomics and EconometricsGovernment SpendingSociology and Political Sciencemedia_common.quotation_subjectGovernment RevenueFiscal Policy Fiscal VolatilitySettore SECS-P/02 Politica EconomicaFiscal policy fiscal volatilityMonetary economicsDiscretionFiscal policyFiscal PolicyGovernment revenuehealth care economics and organizationsmedia_commonPublic financeSSRN Electronic Journal
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