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Title:Macroeconomic effects of fiscal policies: Empirical evidence from Bangladesh, China, Indonesia and the Philippines PDF Logo
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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