Search results for "jel:H50"

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
researchProduct

Assessing long-term fiscal developments : a new approach

2011

We use a new approach to assess long-term fiscal developments. By analyzing the time-varying behaviour of the two components of government spending and revenue – responsiveness and persistence–, a feature not captured by automatic stabilisers, we are able to infer about the sources of fiscal deterioration (improvement). Drawing on quarterly data, we estimate recursively these components within a system of government revenue and spending equations using a Three-Stage Least Square method for eight European Union countries plus the US. The results suggest that significant changes in the fiscal stance (including those related to the current crisis) are reflected in the estimates of persistence …

MacroeconomicsEconomics and Econometricsjel:E62Fiscal deterioration Fiscal SustainabilitySocial SciencesFinanzpolitikFiscal SustainabilityFiscal deteriorationFiscal DeteriorationÖffentlicher HaushaltPolitischer Konjunkturzyklus0502 economics and businessFiscal Deterioration fiscal sustainabilityddc:330EconomicsRevenuemedia_common.cataloged_instance050207 economicsEuropean unionH50Dezentralisierung050205 econometrics media_commonGovernment spendingFiscalFiscal Deterioration Fiscal Sustainability.05 social sciencesSettore SECS-P/02 Politica Economicajel:H50Fiscal sustainabilityTerm (time)Government revenuePanelEU-StaatenFiscal sustainabilityE62Öffentliche AusgabenFinance
researchProduct