Journal: | Latin american journal of economics |
Database: | CLASE |
System number: | 000463502 |
ISSN: | 0719-0425 |
Authors: | Alagidede, Paul1 Tweneboah, George |
Institutions: | 1University of the Witwatersrand, Wits Business School, Johanesburgo, Transvaal. Sudáfrica |
Year: | 2015 |
Season: | Nov |
Volumen: | 52 |
Number: | 2 |
Pages: | 213-240 |
Country: | Chile |
Language: | Inglés |
Document type: | Artículo |
Approach: | Analítico, descriptivo |
English abstract | This paper explores the sustainability of fiscal policy for a panel of Latin American countries over the period 1990-2012. We extend the literature on the causal relationship between government expenditure (GX) and revenue (GR) in the short run and long run. Our results show a significant long-run relationship between GX and GR, suggesting that fiscal policies are consistent with their intertemporal budget constraints. We establish bidirectional causality between revenue and expenditure in the long run, indicating a contribution from both GX and GR in establishing steady state equilibrium following substantial deviations. Our data also uphold the fiscal synchronization thesis |
Disciplines: | Economía |
Keyword: | Política económica, América Latina, Gasto público, Política fiscal, Sostenibilidad fiscal, Panel de datos, Equilibrio fiscal, Presupuesto federal |
Full text: | Texto completo (Ver PDF) |