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Item Fiscal assessment in the tax-spending nexus: A tale of central and eastern european countries(Vysoka Skola Ekonomicka & Praze, 2015) Bolat, Süleyman; Belke, Murat; Sedmihradska, LThe purpose of this paper is to investigate the relationship in the government spending and taxes nexus in Central and Eastern European (CEE) countries in the period 1999Q1-2014Q1. Empirical test results show the validity of "tax-spend hypothesis" for Slovenia, the "spend-tax hypothesis" for Estonia, Latvia, and Slovakia, the "fiscal synchronization hypothesis" for Romania and Bulgaria. Finally, there are no causality relationship between taxes and spending for Czech Republic, Hungary, Lithuania, and Poland even at the 10% significance level. After Eurozone crisis, it is vital for controlling the excessive imbalances in the budget deficits. We indicate that the main policy implication is essential to reduce the public spending to continue the balance of public finance.Item The effects of fıscal polıcy on economıc growth nexus ın oecd countrıes: A bootstrap panel granger causalıty analysıs(University of Economics in Bratislava, 2014) Bolat, Süleyman; Hunady, Jan; Orviska, Marta; Ninaj, M; Zahumenska, MThe paper analyses the potential causalities between tax revenue and economic growth on one hand and government expenditure and economic growth on the other hand. This issue could be crucial for the decision about fiscal policy measures in different countries. Our analysis tries to identify potential relationships, taking into account the differences among countries used in the sample. We applied the bootstrap panel Granger causality approach proposed by Konya [12]. The dataset used in the paper consists of data for 23 OECD countries during the period 1971-2012. Based on our results, there is evidence for government expenditure Granger causing economic growth only in six countries out of 23. The causality in the opposite direction has been found only in France. Furthermore, we have found evidence for tax revenues Granger causing economic growth in six countries, while the opposite causality seems to be present only in four countries.Item Does triple deficits have (Un) stable causality for the EU members? Evidence from bootstrap-corrected causality tests(Elsevıer Scıence Bv, 2014) Bolat, Süleyman; Değirmen, Süleyman; Şengönül, Ahmet; Mihaescu, L; Marginean, S; Stoica, EA; Grabara, JThe determination of current account deficit based on budget deficit has been the focus of attention in EU countries recently. In a theoretical explanation, the Ricardian Equivalence and the Keynesian Hypothesis do not agree on this argument, and thus, researchers have sought to choose between these hypotheses. Besides, Feldstein-Horioka puzzle may emerge in trying to define twin deficits. In order to measure the direction of causality among net savings, budget and current account deficits, Hacker and Hatemi-j (2006) bootstrap causality test is applied for 2002: Q1-2013:Q3, and empirical results provide evidence on the twin and triple deficits for different EU countries. (C) 2014 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/).