| Revista: | Latin american journal of economics |
| Base de datos: | CLASE |
| Número de sistema: | 000463502 |
| ISSN: | 0719-0425 |
| Autores: | Alagidede, Paul1 Tweneboah, George |
| Instituciones: | 1University of the Witwatersrand, Wits Business School, Johanesburgo, Transvaal. Sudáfrica |
| Año: | 2015 |
| Periodo: | Nov |
| Volumen: | 52 |
| Número: | 2 |
| Paginación: | 213-240 |
| País: | Chile |
| Idioma: | Inglés |
| Tipo de documento: | Artículo |
| Enfoque: | Analítico, descriptivo |
| Resumen en inglés | 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 |
| Disciplinas: | Economía |
| Palabras clave: | Política económica, América Latina, Gasto público, Política fiscal, Sostenibilidad fiscal, Panel de datos, Equilibrio fiscal, Presupuesto federal |
| Texto completo: | Texto completo (Ver PDF) |
