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http://hdl.handle.net/10419/62860
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| Title: | | Macroeconomic effects of fiscal policies: Empirical evidence from Bangladesh, China, Indonesia and the Philippines  |
| Authors: | | Ducanes, Geoffrey Cagas, Marie Anne Qin, Duo Quising, Pilipinas F. Razzaque, Mohammad Abdur |
| Issue Date: | | 2006 |
| Series/Report no.: | | Working Paper, Department of Economics, Queen Mary, University of London 564 |
| Abstract: | | This paper studies macroeconomic effects of fiscal policies in four Asian countries - Bangladesh, China, Indonesia, and the Philippines - by means of structural macroeconometric model simulations. It is found that short-term fiscal multipliers from an untargeted increase in government expenditure are positive but much less than those from an increased expenditure targeted to capital spending. The multiplier effects from fiscal expansion via a tax rate reduction are found to be typically much less than through higher spending. The effectiveness of automatic stabilizers in general, and more specifically whether expenditure or tax-side stabilizer is more effective, differs across countries. |
| Subjects: | | Fiscal policy, Growth, Public finance, Deficit |
| JEL: | | E62 E17 C53 P52 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series, School of Economics and Finance, Queen Mary, University of London
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