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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University of Economics Ho Chi Minh City
2023
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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 |
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Thư viện Trường Đại học Đà Lạt |
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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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1819811667382370304 |