The effects of fıscal polıcy on economıc growth nexus ın oecd countrıes: A bootstrap panel granger causalıty analysıs
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Tarih
2014
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
University of Economics in Bratislava
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The 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.
Açıklama
16th International Scientific Conference on Finance and Risk 2014 -- NOV 24-25, 2014 -- Univ Econ Bratislava, Dept Finance, Bratislava, SLOVAKIA
WOS:000360260100005
WOS:000360260100005
Anahtar Kelimeler
Taxes, Government e-Expenditure, Economic Growth, Bootstrap Panel Causality Test
Kaynak
Proceedings of the 16th International Scientific Conference Finance and Risk 2014, Vol 1
WoS Q Değeri
N/A
