Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2016.1197549
The revenues-spending nexus in Romania: a TAR and MTAR approach
Aviral Kumar Tiwari
orcid.org/0000-0002-1822-9263
Mihai Mutascu
orcid.org/0000-0003-3837-3243
Sažetak
This study is an attempt to test the relationship between revenues
and government spending, in the case of Romania, over the 1999Q1–
2012Q1 period. For this purpose, we have chosen the Threshold
Autoregressive (TAR) and Momentum-TAR (MTAR) approaches. The
main results obtained through the TAR and MTAR models offer
support for the spend-tax hypothesis, with long-run asymmetric
adjustment for Romania. Considering this case, whenever dealing
with budgetary disequilibrium, it is recommended the Romanian
government prioritises the spending component of fiscal policy, with
adjustments in the level and structure of public expenditures.
Ključne riječi
Revenues; expenditures; nexus; policy implications; Romania; TA R; MTAR
Hrčak ID:
171756
URI
Datum izdavanja:
22.12.2016.
Posjeta: 1.033 *