Fiscal assessment in the tax-spending nexus: A tale of central and eastern european countries
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Tarih
2015
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Vysoka Skola Ekonomicka & Praze
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The 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.
Açıklama
20th International Conference on Theoretical and Practical Aspects of Public Finance -- APR 17-18, 2015 -- Praha, CZECH REPUBLIC
WOS:000389582500003
WOS:000389582500003
Anahtar Kelimeler
Tax, Spend, Cross Section Dependence, Panel Causality Test
Kaynak
Proceedings of The 20th International Conference on Theoretical and Practical Aspects of Public Finance 2015
WoS Q Değeri
N/A
