Fiscal policy dynamics in Australia and New Zealand
AbstractThis paper uses cointegration and error correction modelling to investigate how Governments across the Tasman have corrected fiscal imbalances. Australian Governments have used revenue and expenditure adjustments to correct long term fiscal imbalance. In the short term, however, taxes constrain spending in Australia. In New Zealand, expenditure adjustments are relied upon to correct long term fiscal imbalance. Thus, in neither country it could be said that spending priorities predominately drive decisions to raise taxes.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 5 (1998)
Issue (Month): 9 ()
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- Jean-Claude Nachega & Ousmane Dore, 2000. "Budgetary Convergence in the Waemu - Adjustment Through Revenue or Expenditure?," IMF Working Papers 00/109, International Monetary Fund.
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