The revenues-spending nexus in Romania
A TAR and MTAR approach
Bibliographic Data
| ID | 15068007 |
|---|---|
| Authors | Aviral Kumar Tiwari (0000-0002-1822-9263, Faculty of Management, IBS Hyderabad, FHE University, Hyderabad, India), Mihai Mutaşcu (0000-0003-3837-3243, Université d'Orléans, corresponding author) |
| Year | 2016 |
| Volume | 29 |
| Issue | 1 |
| Pages | 735-745 |
| Publication date | 2016-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2016.1197549 |
| OpenAlex | W2469104609 |
| Language | EN |
| Citations received | 1 |
| References cited | 34 |
This study is an attempt to test the relationship between revenues and government spending, in the case of Romania, over the 1999Q1–2012Q1 period. For this purpose, we have chosen the Threshold Autoregressive (TAR) and Momentum-TAR (MTAR) approaches. The main results obtained through the TAR and MTAR models offer support for the spend-tax hypothesis, with long-run asymmetric adjustment for Romania. Considering this case, whenever dealing with budgetary disequilibrium, it is recommended the Romanian government prioritises the spending component of fiscal policy, with adjustments in the level and structure of public expenditures
Disequilibrium · Econometrics · Economic policy · Economics · Government revenue · Government spending · Macroeconomics · Market economy · Monetary economics · Public economics · Revenue · Romanian · Tax revenue · Welfare · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact · Finance
Consistency and Limiting Distribution of the Least Squares Estimator of a Threshold Autoregressive Model
A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems
Efficient Tests for an Autoregressive Unit Root
Distribution of the Estimators for Autoregressive Time Series with a Unit Root
Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis
Cointegration and Government Borrowing Constraints
Unit-Root Tests and Asymmetric Adjustment With an Example Using the Term Structure of Interest Rates
Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis
Cointegration and Threshold Adjustment
Sustainability of the Deficit Process With Structural Shifts
On the Determination of the Public Debt
A Rational Theory of the Size of Government
Are Economic Time Series Asymmetric over the Business Cycle
| Citations per year | 0.25 |
|---|---|
| Citation span | 2022 - 2022 (1) |
| Highly cited | No |