Article history: Received 4 March 2014 Received in revised form 12 August 2014 Accepted 12 August 2014 Available online 23 August 2014 Budget deficit has been a commonfiscal pressure facing Chinese cities since the 1994fiscal reform. Meanwhile, land lease sales have become a significant off-budgetary revenue to local governments since 2003. This paper investigateswhetherfinancing budget deficit...

Budget deficit constitutes a major fiscal indicator. It has major important ramification on macro-economic position of all nations. In developing countries generally, and in Iran specifically, governments are likely to spend more on miscellaneous as well as differentiated obligations causing high expenditure costs with respect to their limited revenues. This causes a budget deficit to incur. Th...

this paper develops an analysis of budget deficit financing in termsof a crowding out or crowding in effect on the activity of the privatesector for the economies of iran and algeria as two mena countries,(because of its economic structures (dependence on oil revenue)) duringthe period 1970-2012 by using cointegration and vector errorcorrection approaches. the analysis confirms the existence of...

This study aims to investigate the effect of the Twin Deficits, i.e., deficit of government budget, and deficit in current account, on the foreign debt in Jordan during the period 1977 – 2004. A four variables cointegration analysis with the variables: outstanding foreign debt, budget deficit, current account balance proxied by its index, and gross fixed capital formation were exploited. Dicky-...

Abstract T he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. On the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. So keeping the price stability plays an important role in de...