Is the Thai government revenue-spending nexus asymmetric?

نویسندگان

چکیده

Recent evidence suggests that there might be an asymmetric process of adjustment towards the long-run equilibrium in government revenue-spending nexus. In this paper, relationship between revenue and spending is examined case Thailand using annual data over period 1991–2019. Specifically, attempt to determine whether linear or nonlinear. doing so, both nonlinear cointegration tests are employed. The empirical results suggest positive stable when dependent variable. By estimating TAR MTAR models, a not found. Therefore, does seem toward equilibrium. causality based on estimated ECMs cointegrating equations show no short run, supporting fiscal institutional separation hypothesis. long unidirectional running from revenue, which supports spend-and-tax

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Bootstrap panel Granger-causality between government spending and revenue

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend-and-tax causality is found for Italy, France, Spain, Greece, and Portugal, while tax-and-spend evidence is present for Germany, Belgium, Austria Finland and the UK, and for...

متن کامل

When is the Government Spending Multiplier Large?

When the zero bound on nominal interest rates is binding.

متن کامل

Asymmetric Effects of Government Spending on Economic Growth Over the Business Cycle: Application of Markov Switching Models

This paper is  investigated four subject with uses iranian economic data and using the Markov-Switching model during the period (1369: 3-1393: 4), So that: (a) were Examined impact of  the positive and negative Fiscal  shocks on Iran economic growth ( B) the Hypothesis  impact of negative shocks is greater than a positive shock was tested. (C) were tested the impact of government expenditure (f...

متن کامل

The Causal Relationship between Government Revenue and Expenditure in Jordan

The main purpose of the study is to examine the causal relationship between government revenues and expenditures of the Jordan government over the period from 1990 to 2011 using Granger causality and VECM tests methodology. Which provides channels of causation between government revenues (GR) and government expenditures (GE).The empirical results show that bidirectional causality running betwee...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of The Asia Pacific Economy

سال: 2022

ISSN: ['1469-9648', '1354-7860']

DOI: https://doi.org/10.1080/13547860.2022.2046935