Tax or Spend, What causes What? Reconsidering Taiwan's Experience
AbstractEarlier research suggests that there has been one-way causality from government revenues to expenditures in Taiwan. This study measures linear feedback to (1) decompose the relationship between Taiwan's government spending and receipts and (2) account for contemporaneous association. Despite substantial fiscal synchronization, we still find one-way causality from government receipts to expenditures.
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Bibliographic InfoArticle provided by College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan in its journal International Journal of Business and Economics.
Volume (Year): 2 (2003)
Issue (Month): 2 (August)
budget deficits; time-series methods;
Find related papers by JEL classification:
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
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