Tax revenue, expenditure, and economic growth: An analysis of long-run relationships

Focusing on the investigation of “long-term” relationship between tax revenue, expenditure, and economic growth, this paper employs the Granger causality test and finds that the linkage between tax revenue and spending is a bi-directional causal correlation. Furthermore, applying Persyn and Westerlu...

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Những tác giả chính: Nguyen, Phuong Lien, Su, Dinh Thanh
Định dạng: Bài viết
Ngôn ngữ:English
Được phát hành: University of Economics Ho Chi Minh City 2023
Truy cập trực tuyến:http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=1d939851-814d-4264-b170-1700c22ddda4
https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115548
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spelling oai:scholar.dlu.edu.vn:DLU123456789-1155482023-03-08T03:57:01Z Tax revenue, expenditure, and economic growth: An analysis of long-run relationships Nguyen, Phuong Lien Su, Dinh Thanh Focusing on the investigation of “long-term” relationship between tax revenue, expenditure, and economic growth, this paper employs the Granger causality test and finds that the linkage between tax revenue and spending is a bi-directional causal correlation. Furthermore, applying Persyn and Westerlund’s (2008) co-integration test allows for corroboration of existence of long-run cointegration linkages among outcome of economy and the three variables. In addition, by adopting two-step system generalized method of moments (SGMM) for a dynamic panel of 82 developed and developing countries during 16-year period (2000–2015), this research demonstrates that the impact of tax revenue and spending is substantial and ambiguous, depending on different groups of economies. 2023-03-08T03:57:01Z 2023-03-08T03:57:01Z 2017 Article 2615-9112 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=1d939851-814d-4264-b170-1700c22ddda4 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115548 10.24311/jabes/2017.24.3.02 en Journal of Asian Business and Economic Studies, Volume 24, Issue 03; p. 04-26 application/pdf University of Economics Ho Chi Minh City
institution Thư viện Trường Đại học Đà Lạt
collection Thư viện số
language English
description Focusing on the investigation of “long-term” relationship between tax revenue, expenditure, and economic growth, this paper employs the Granger causality test and finds that the linkage between tax revenue and spending is a bi-directional causal correlation. Furthermore, applying Persyn and Westerlund’s (2008) co-integration test allows for corroboration of existence of long-run cointegration linkages among outcome of economy and the three variables. In addition, by adopting two-step system generalized method of moments (SGMM) for a dynamic panel of 82 developed and developing countries during 16-year period (2000–2015), this research demonstrates that the impact of tax revenue and spending is substantial and ambiguous, depending on different groups of economies.
format Article
author Nguyen, Phuong Lien
Su, Dinh Thanh
spellingShingle Nguyen, Phuong Lien
Su, Dinh Thanh
Tax revenue, expenditure, and economic growth: An analysis of long-run relationships
author_facet Nguyen, Phuong Lien
Su, Dinh Thanh
author_sort Nguyen, Phuong Lien
title Tax revenue, expenditure, and economic growth: An analysis of long-run relationships
title_short Tax revenue, expenditure, and economic growth: An analysis of long-run relationships
title_full Tax revenue, expenditure, and economic growth: An analysis of long-run relationships
title_fullStr Tax revenue, expenditure, and economic growth: An analysis of long-run relationships
title_full_unstemmed Tax revenue, expenditure, and economic growth: An analysis of long-run relationships
title_sort tax revenue, expenditure, and economic growth: an analysis of long-run relationships
publisher University of Economics Ho Chi Minh City
publishDate 2023
url http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=1d939851-814d-4264-b170-1700c22ddda4
https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115548
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