Theoretical and Practical Research in the Economic Fields最新文献_第6页

INVESTIGATING THE GOVERNMENT REVENUE–EXPENDITURE NEXUS: EMPIRICAL EVIDENCE FOR THE FREE STATE PROVINCE IN A MULTIVARIATE MODEL 调查政府收支关系:多元模型下自由州省的经验证据

Theoretical and Practical Research in the Economic Fields Pub Date : 2020-03-27 DOI: 10.14505//TPREF.V11.2(22).08

Oyeyinka S. Omoshoro‐Jones

{"title":"INVESTIGATING THE GOVERNMENT REVENUE–EXPENDITURE NEXUS: EMPIRICAL EVIDENCE FOR THE FREE STATE PROVINCE IN A MULTIVARIATE MODEL","authors":"Oyeyinka S. Omoshoro‐Jones","doi":"10.14505//TPREF.V11.2(22).08","DOIUrl":"https://doi.org/10.14505//TPREF.V11.2(22).08","url":null,"abstract":"This paper examines the government revenue–expenditure nexus for the Free State Province in a multivariate vector error correction model (VECM) using real GDP and inflation as control variables over the period 2004Q2–2018Q1.Cointegration and intertemporal (causal) links among variables were established employing Johansen (1995) and Toda-Yamamoto (1995) non-Granger causality tests. The results of the cointegration analysis confirm the existence of a long-run relationship between variables. The results of the causal analyses show a bidirectional causality between government revenues and expenditures in both the long-run and short-run supporting the fiscal synchronization hypothesis. Real GDP and inflation individually Granger-causes government revenue, in both the long-run and short-run, stressing their importance on generating revenue. Based on these findings, an isolated fiscal measure to raise tax-revenues or cut expenditure will exacerbate fiscal imbalance. On the policy front, the Free State government should adhere to a planned budget process, devise innovative revenue-generating strategies to circumvent the burden of producing inflation revenue, as well as utilize its autonomy on fiscal instruments to maintain a sustainable fiscal policy path, and stimulate economic growth.","PeriodicalId":362173,"journal":{"name":"Theoretical and Practical Research in the Economic Fields","volume":"118 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133915494","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

THE POLITICAL ECONOMY THEOREM 政治经济学定理

Theoretical and Practical Research in the Economic Fields Pub Date : 2020-02-18 DOI: 10.14505//TPREF.V11.2(22).04

Alessandro Saccal

引用次数: 0

MODELING COMMERCE IN TERMS OF CHEMICAL REACTIONS 用化学反应为商业建模

Theoretical and Practical Research in the Economic Fields Pub Date : 2020-01-10 DOI: 10.14505/tpref.v13.2(26).04

R. Dickens

引用次数: 0

TRADITIONALISM OR MODERN IN ROMANIAN MANAGEMENT ACCOUNTING? 罗马尼亚管理会计的传统主义还是现代主义?

Theoretical and Practical Research in the Economic Fields Pub Date : 2019-12-31 DOI: 10.14505//TPREF.V10.2(20).07

Silvia Simionescu, E. Bică, C. Bogdănoiu

引用次数: 0

TRADE OPENNESS AND INDUSTRIAL OUTPUT GROWTH IN NIGERIA: EMPIRICAL LESSONS FOR DIVERSIFICATION 尼日利亚的贸易开放和工业产出增长:多样化的经验教训

Theoretical and Practical Research in the Economic Fields Pub Date : 2019-12-31 DOI: 10.14505//TPREF.V10.2(20).03

N. Peter, A. Orji, Donald Chukwumaeze, Onyinye I. Anthony‐Orji

引用次数: 1

FISCAL DEFICIT AND THE GROWTH OF DOMESTIC OUTPUT IN NIGERIA 尼日利亚的财政赤字和国内产出增长

Theoretical and Practical Research in the Economic Fields Pub Date : 2019-12-31 DOI: 10.14505//TPREF.V10.2(20).08

J. Adama, B. Ohwofasa, V. Ayodele

{"title":"FISCAL DEFICIT AND THE GROWTH OF DOMESTIC OUTPUT IN NIGERIA","authors":"J. Adama, B. Ohwofasa, V. Ayodele","doi":"10.14505//TPREF.V10.2(20).08","DOIUrl":"https://doi.org/10.14505//TPREF.V10.2(20).08","url":null,"abstract":"The study focuses on the relationship between fiscal deficit and domestic output (using agricultural output as a proxy) in Nigeria. In other to have a robust model, other parameters of fiscal operations were included as explanatory variables namely, government revenue, government expenditure and government total debt stock. The study argued that even though there are no shortages of theoretical justifications on the impact of fiscal deficit on the national domestic output, empirical probe of the issue is scarcely pursued most especially for the agricultural sector. The model was estimated using the Engle-Granger testing approach to cointegration for the long-run analysis while a restricted error correction model was relied upon to explore the contemporaneous dynamics. The data obtained from Central Bank of Nigeria Statistical Bulletins covered the period 1986-2018. The study found that agricultural output has a long-run relationship with fiscal policy variables. In the long run, the study finds that government revenue and expenditure exert significant positive impact on agriculture output contrarily to the negative impact exhibited by government fiscal deficit and total debt stock. However, in the short run, agriculture output responded negatively to changes in fiscal deficit by 0.03%, government expenditure 0.03% and government total debt stock 0.09% contrarily to its 0.16% response to changes in government revenue. The paper recommended that government may consider reduction in deficit spending so as to minimize the country’s current level of borrowings. Also, government may consider broadening its revenue bases by intensifying its taxation policy. Finally, no effort should be spared by the government in blocking all looped holes in the country’s expenditure operations such as rent seeking and inflation of contracts.","PeriodicalId":362173,"journal":{"name":"Theoretical and Practical Research in the Economic Fields","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122687930","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

WILLIAM NASSAU SENIOR AND THE RELATIONSHIP BETWEEN ABSTINENCE, CAPITAL AND INTEREST 老威廉·拿骚与禁欲、资本和利益的关系

Theoretical and Practical Research in the Economic Fields Pub Date : 2019-12-31 DOI: 10.14505//TPREF.V10.2(20).02

A. Morselli

引用次数: 0

EUROPEAN UNIFICATION AND EUROPEAN INTEGRATION AS A PHILOSOPHICAL PRINCIPLE 欧洲统一和欧洲一体化作为一种哲学原则

Theoretical and Practical Research in the Economic Fields Pub Date : 2019-12-31 DOI: 10.14505//TPREF.V10.2(20).09

Bogdan Ghidirmic, Alexandru Matei

引用次数: 0

TAXATION AND WELFARE: MEASURING THE EFFECT OF BULGARIA’S 2007-08 CORPORATE-PERSONAL INCOME TAX REFORMS 税收和福利:衡量保加利亚2007-08年公司-个人所得税改革的效果

Theoretical and Practical Research in the Economic Fields Pub Date : 2019-12-31 DOI: 10.14505//TPREF.V10.2(20).04

Aleksandar Vasilev

引用次数: 0

OFFLINE ADVERTISING VERSUS ONLINE ADVERTISING 线下广告vs线上广告

Theoretical and Practical Research in the Economic Fields Pub Date : 2019-12-31 DOI: 10.14505//TPREF.V10.2(20).05

C. Barbu, Ștefan Ponea, C. Bogdănoiu

引用次数: 0