Tax or Spend, What causes What? Reconsidering Taiwan's Experience
Earlier 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.
Volume (Year): 2 (2003)
Issue (Month): 2 (August)
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