Impact of local government revenue and spending during oil and gas booms in the Rocky Mountain States
نویسندگان
چکیده
منابع مشابه
Oil Shocks and Macroeconomic Adjustment: a DSGE modeling approach for the Case of Libya, 1970â2007
Libya experienced a substantial increase in oil revenue as a result of increased oil prices during the period of the late 1970s and early 1980s, and again after 2000. Recent increases in oil production and the price of oil, and their positive and negative macroeconomic impacts upon key macroeconomic variables, are of considerable contemporary importance to an oil dependent economy such as that...
متن کاملThe Impact of Oil Export Earnings on Government Income and Expenditure: A Policy Implication on Sustainable Development of the Nigerian Economy
T his study examines the effect of oil fluctuation export earnings on government income and expenditure in Nigeria using a time series data from 1986 to 2015. The study utilized co-integration techniques and ordinary least square as the methods of analyses. The co-integration tests indicate the existence of a long-run equilibrium relationship between oil...
متن کاملThe Effect of Budget Deficit Shock on Government Spending: An Empirical Case in Indonesia
This paper aims to investigate the effect of budget deficit shock on government spending in Indonesia. For this propose, this reasearch uses an alternative error correction model based on loss function of government spending. The model assumes the short run disequilibrium, in which shock variables may play an important role. A spesific loss function model is applied to develop the long run gove...
متن کاملTax Policy and Economic Growth in the Developing and Developed Nations
Fiscal policy is a policy that tries to achieve certain economic goals through instruments such as changes in government expenditure and taxation. The financial policy uses two instruments of government revenue (tax) and government spending (spending) to influence the economy. And in the economic literature, they consider economic growth to be equal to GDP. The impact of financial policies on e...
متن کاملImpacts of economic shocks on livestock in Iran: a DSGE model approach
The objectives of this study is to investigate the responses of livestock economic variables (namely, output, consumption, prices, labor and capital) to changes in agricultural productivity, monetary, oil revenue and government spending (fiscal policy). To do so, a Dynamic Stochastic General Equilibrium (DSGE) model is constructed for Iran economy disaggregating livestock. Accordingly, the empi...
متن کامل