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Analysis and Econometric Modelling of the Fiscal Sector in the Slovak Republic

Author

Listed:
  • Olexa, Michal

    (Macroeconomic Analyses Division, INFOSTAT - Institute of Informatics and Statistics, Bratislava, Slovak Republic)

Abstract

For the modern history of the SR, the state budget data from the period of CSFR are not relevant according to the existence of two republic budgets with strong mutual relations and two-way flows. In 1996, a new budget composition based on foreign experiences was introduced. The first two parts of the study contain analyses of the revenue and expenditure side during the period 1993-1997. The third part presents an econometric submodel of the fiscal sector of the SR which consists of 15 equations; 6 of them dealing with the tax revenue items of the state budget (taxes on income of natural persons, taxes on income of legal entities, value added tax, excise taxes, customs duty, and import surcharge) are of the stochastic type. This submodel will be incorporated into the quarterly econometric model of the Slovak economy.

Suggested Citation

  • Olexa, Michal, 1999. "Analysis and Econometric Modelling of the Fiscal Sector in the Slovak Republic," Transition Economics Series 2, Institute for Advanced Studies.
  • Handle: RePEc:ihs:ihstep:2
    as

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    File URL: http://www.ihs.ac.at/publications/tec/te-2.pdf
    File Function: First version, 1999
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    References listed on IDEAS

    as
    1. Andreas Beyer, 1998. "Modelling money demand in Germany," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 13(1), pages 57-76.
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    3. Agell, Jonas & Calmfors, Lars & Jonsson, Gunnar, 1996. "Fiscal policy when monetary policy is tied to the mast," European Economic Review, Elsevier, vol. 40(7), pages 1413-1440, August.
    4. Franses, Philip Hans, 1996. "Periodicity and Stochastic Trends in Economic Time Series," OUP Catalogue, Oxford University Press, number 9780198774549.
    5. Rankaduwa, Wimal & Rao, U. L. Gouranga & Ogwang, Tomson, 1995. "A forecasting model of the Sri Lankan economy," Economic Modelling, Elsevier, vol. 12(4), pages 343-375, October.
    6. Milner, Chris & Wright, Peter, 1998. "Modelling Labour Market Adjustment to Trade Liberalisation in an Industrialising Economy," Economic Journal, Royal Economic Society, vol. 108(447), pages 509-528, March.
    7. P. B. Sørensen, 1997. "Public finance solutions to the European unemployment problem?," Economic Policy, CEPR;CES;MSH, vol. 12(25), pages 221-264, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    State Budget; Revenue and Expenditure; Regression Equation; Econometric Model;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

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