publication . Article . 2017

Public revenue, fiscal deficit and economic growth: Evidence from Asian countries

AMGAIN, Jeeban; DHAKAL, Nanda Kumar;
Open Access English
  • Published: 28 Dec 2017 Journal: Journal of Economics and Political Economy (issn: 2148-8347, eissn: 2148-8347, Copyright policy)
  • Publisher: Journal of Economics and Political Economy
Abstract
Abstract. This paper examines the impact of public revenue and fiscal deficit on economic growth in 20 Asian Countries. We use panel Autoregressive Distributed Lag Model (ARDL) to estimate both the short-run and long-run impact of the fiscal variables. The results indicate that fiscal deficit adversely affect growth both in short-run and long-run. In the long-run, deficit finance leads to debt accumulation which is also negatively associated with growth. However, panel ARDL results show that revenue is positively associated with growth in the long-run. In absence of fiscal deficit, public revenue influences positively on growth in the long-run. The impact of rev...
Subjects
Medical Subject Headings: health care economics and organizations
Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue