Government revenue and government expenditure nexus : evidence from developing countries

Narayan, Paresh Kumar and Narayan, Seema 2006, Government revenue and government expenditure nexus : evidence from developing countries, Applied economics, vol. 38, no. 3, pp. 285-291.

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Title Government revenue and government expenditure nexus : evidence from developing countries
Author(s) Narayan, Paresh Kumar
Narayan, Seema
Journal name Applied economics
Volume number 38
Issue number 3
Start page 285
End page 291
Publisher Routledge
Place of publication London, England
Publication date 2006-02
ISSN 1466-4283
0003-6846
Summary The relationship between government revenue and government expenditure has attracted a lot of interest given its policy relevance, particularly with respect to budget deficits. The goal of this paper is to investigate evidence for causality between government revenue and government expenditure within a multivariate framework by modelling them together with gross domestic product for 12 developing countries. Our application of the Toda and Yamamoto (1995) test for Granger causality reveals support for the tax-and-spend hypothesis for Mauritius, El Salvador, Haiti, Chile and Venezuela. For Haiti, there is evidence for the spend-and-tax hypothesis, while for Peru, South Africa, Guatemala, Uruguay and Ecuador there is evidence of neutrality.
Language eng
Field of Research 140202 Economic Development and Growth
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2006, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30018553

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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