Read Testing the Relationship Between Government Spending and Revenue: Evidence from Gcc Countries

Testing the Relationship Between Government Spending and Revenue: Evidence from Gcc Countries

Ugo Fasano-Filho

4.9/5 (32999 ratings)

Description:The paper examines the direction of causality between total government expenditure and revenue in oil-dependent GCC countries by utilizing a cointegration and error-correction modeling framework, and by calculating a variance decomposition analysis. In addition, it presents impulse responses to shed light on the dynamic relation of expenditure to a revenue shock. The results confirm expectations that government spending follows oil revenue, suggesting a pro-cyclical expenditure policy to variations in oil revenue. To make budget expenditure less driven by revenue availability, the authorities could resort to a medium-term expenditure framework, so that expenditures can be planned and insulated from volatile short-term revenue availability.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Testing the Relationship Between Government Spending and Revenue: Evidence from Gcc Countries. To get started finding Testing the Relationship Between Government Spending and Revenue: Evidence from Gcc Countries, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 29

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2002

ISBN: 6613825395

Description: The paper examines the direction of causality between total government expenditure and revenue in oil-dependent GCC countries by utilizing a cointegration and error-correction modeling framework, and by calculating a variance decomposition analysis. In addition, it presents impulse responses to shed light on the dynamic relation of expenditure to a revenue shock. The results confirm expectations that government spending follows oil revenue, suggesting a pro-cyclical expenditure policy to variations in oil revenue. To make budget expenditure less driven by revenue availability, the authorities could resort to a medium-term expenditure framework, so that expenditures can be planned and insulated from volatile short-term revenue availability.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Testing the Relationship Between Government Spending and Revenue: Evidence from Gcc Countries. To get started finding Testing the Relationship Between Government Spending and Revenue: Evidence from Gcc Countries, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Testing the Relationship Between Government Spending and Revenue: Evidence from Gcc Countries

Testing the Relationship Between Government Spending and Revenue: Evidence from Gcc Countries

More Books

On the determinants of Brazil's manufactured exports: An empirical analysis (Kieler Studien)

On the determinants of Brazil's manufactured exports: An empirical analysis (Kieler Studien)

Monetary Union Among Member Countries of the Gulf Cooperation Council (International Monetary Fund Occasional Paper Book 223)

Monetary Union Among Member Countries of the Gulf Cooperation Council (International Monetary Fund Occasional Paper Book 223)

Determinants Of Brazil's Manufactured Exports: An Empirical Analysis

Determinants Of Brazil's Manufactured Exports: An Empirical Analysis

Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries

Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries

Currency Substitution and Liberalization: The Case of Argentina

Currency Substitution and Liberalization: The Case of Argentina

Fiscal Expenditure Policy and Non-Oil Economic Growth: Evidence from Gcc Countries

Fiscal Expenditure Policy and Non-Oil Economic Growth: Evidence from Gcc Countries

Review of the experience with oil stabilization and savings funds in selected countries (IMF working paper)

Review of the experience with oil stabilization and savings funds in selected countries (IMF working paper)