EconStor Community: Romanian Journal of Fiscal Policy (RJFP)
http://hdl.handle.net/10419/59794
Romanian Journal of Fiscal Policy (RJFP)2024-03-19T03:13:04ZGovernment expenditure, inflation rate and economic growth in Nigeria (1981-2013): A vector autoregressive approach
http://hdl.handle.net/10419/199004
Title: Government expenditure, inflation rate and economic growth in Nigeria (1981-2013): A vector autoregressive approach
Authors: Olubokun, Sanmi; Ayooluwade, Ebiwonjumi; Fawehinmi, F. O.
Abstract: The study investigated the impacts of government expenditure and inflation rate on economic growth in Nigeria from 1981 to 2013. The data for the study were generated from the Central Bank of Nigeria (CBN) statistical bulletin and was analyzed using the Vector Auto Regressive (VAR) modeling approach. The variance decomposition shows that high level of government expenditure and inflation contributed significantly to shocks in the real gross domestic product. The central focus of the study is that fluctuation in output growth over the years is a true reflection of the level of government expenditure as well as the inflationary level in Nigeria. There is therefore, an urgent need for policy makers to formulate policies that will enhance real gross domestic product and consequently generate sustainable economic growth and development in the country.2016-01-01T00:00:00ZGovernment debt and budget deficit nexus in Pakistan: Evidence for Ricardian Equivalence Hypothesis
http://hdl.handle.net/10419/199005
Title: Government debt and budget deficit nexus in Pakistan: Evidence for Ricardian Equivalence Hypothesis
Authors: Shamsi, Neelma; Waqas, Muhammad; Zahid, Sarwar
Abstract: We checked the validity of Ricardian Equivalence Hypothesis in Pakistan by using structural consumption and saving function. By using ordinary least square method we checked the restrictions of Ricardian equivalence hypothesis that has been rejected by the vale of Wald test. The Engel-Granger causality approach explored uni-directional causality between Government Debt & Private Consumption and Government Debt & Private Saving whereas Bidirectional Causality exists between Government Budget Deficit & Private Saving. Hence, we concluded that fiscal policy is effective in case of Pakistan because Ricardian Equivalence does not hold in Pakistan that indicated the policy makers to use fiscal policy as a stabilizing policy of the economy.2016-01-01T00:00:00ZFluctuation paths and controversial issues of fiscal policy: Where do these leave us?
http://hdl.handle.net/10419/199006
Title: Fluctuation paths and controversial issues of fiscal policy: Where do these leave us?
Authors: Vera, Leonardo V.
Abstract: Main changes have occurred in the comprehension and practice of fiscal policy over the last century. In this paper we do a brief historical account and show that the prominence of fiscal policy as a policy tool has waxed and waned, a condition that has hindered the capability of researchers to come to firm conclusions regarding the stabilization properties and impacts of it. Against this backdrop, we discuss and evaluate the several arguments on the impact of fiscal policy on output, inflation and the external accounts and also examine the very popular sustainability framework focusing on interactions and feedbacks among policy and endogenous variables affecting debt ratios. We conclude that there are good reasons to think that the potential usefulness of fiscal stabilization needs to be re-considered.2016-01-01T00:00:00ZDynamics in European exports in times of crisis: The impact on growth at home and abroad
http://hdl.handle.net/10419/168628
Title: Dynamics in European exports in times of crisis: The impact on growth at home and abroad
Authors: Kren, Janez; Edwards, Terence Huw; Van Hove, Jan
Abstract: While the financial crisis of 2008-2009 led to the great collapse of international trade, the European debt crisis in 2010-2013 did not have such a drastic impact on trade. The collapse has been studied a lot in recent empirical literature, but the European debt crisis has not been investigated thoroughly yet. This paper looks into the impact of economic growth in European exporters and in their export destination markets on export performance as reflected in total export growth and growth in various export margins. Our findings point to an important role for both demand and supply side factors.2015-01-01T00:00:00Z