منابع مشابه
Fiscal shocks and their consequences
This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S. during the post World War II era. We identify these shocks with exogenous changes in military purchases and argue that they lead to a persistent increase in government purchases and tax rates on capital and labor income, and a persistent rise in aggregate hours worked as well as declines in r...
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The conventional wisdom regarding the political consequences of large reductions of budget de cits is that they are very costly for the governments which implement them: they are punished by voters at the following elections. In the present paper, instead, we nd no evidence that governments which quickly reduce budget de cits are systematically voted out of o¢ ce in a sample of 19 OECD countri...
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The Government of India needs to take some hard decisions in the upcoming Union Budget for 2000-01. There are several reasons why it is important to do so right now. India's political system is more than ever in consensus about the basic direction of reforms. The current government enjoys a strong electoral mandate. This is the first year in office for this government, and is, therefore, the mo...
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The basic aim of the study is to examine both the short run and long run relationship between fiscal deficit and economic growth in India by covering the time period from 1970-71 to 201112. Johansen Cointegration test, Granger Causality test, And Vector Error correction Model (VECM) technique are adopted in order to examine the objectives of this study. The Johansen methodology confirms the exi...
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ژورنال
عنوان ژورنال: Journal of Economics and International Finance
سال: 2013
ISSN: 2006-9812
DOI: 10.5897/jeif10.039