财政冲击对加纳经济增长和收入不平等的影响:是否存在权衡?

IF 1.4 Q3 ECONOMICS
Zenabu Mustapha, Paul Owusu Takyi, Raphael Edem Ayibor, Frank Adusah-Poku
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引用次数: 0

摘要

目的 本研究探讨了财政政策冲击对加纳经济增长和收入不平等的影响。由于经济增长与收入不平等之间的相互依存关系,以及财政政策在国家发展过程中对这一关系所起的作用,因此有必要开展这项研究。因此,研究政府支出冲击和税收冲击如何影响经济增长和收入不平等之间的关系,可以帮助决策者采取最佳政策组合,确保加纳的收入公平和持续经济增长。研究结果我们的研究结果表明,政府支出冲击对经济增长、汇率和教育产生了积极而显著的长期影响。此外,税收冲击对收入不平等、经济增长和教育也有积极影响。研究结果进一步表明,从长期来看,经济增长和收入不平等之间存在权衡关系。了解这三个宏观经济变量是如何决定的以及它们之间的相互关系对于政策制定者来说至关重要。这是因为财政政策对经济增长和收入不平等都有帮助。在实证文献中,重点是独立估计财政政策的增长效应或财政政策的分配效应,而忽略了财政冲击后经济增长和收入不平等之间可能存在的权衡。据我们所知,还没有任何关于加纳的实证研究像我们在本文中所做的那样,对经济增长和收入不平等之间的权衡进行实证研究。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The impact of fiscal shocks on economic growth and income inequality in Ghana: is there a trade-off?

Purpose

The study examines the impact of fiscal policy shocks on economic growth and income inequality in Ghana. This has become necessary because of the interdependence between growth and income inequality and the role fiscal policy plays in this relationship in the development process of a country. Thus, a study that investigates how government expenditure shock and tax revenue shock influence the relationship between economic growth and income inequality could assist policymakers to adopt the best policy mix to ensure income equity and sustained economic growth in Ghana.

Design/methodology/approach

It employs sacrifice ratio from structural VAR model using quarterly time series data from 1996 to 2019 on Ghana.

Findings

Our results show that government expenditure shock impacts economic growth, exchange rate and education positively and significantly in the long run. Also, tax revenue shock has a positive impact on income inequality, economic growth and education. The findings further show that there exists a trade-off between economic growth and income inequality in the long run.

Originality/value

The relationships between fiscal policy shocks, economic growth and income inequality have been extensively discussed among scholars. Understanding how these three macroeconomic variables are determined and their interrelationships are crucial for policymakers. This is because fiscal policy aids in both economic growth and income inequality. In the empirical literature, the emphasis has been on independently estimating the growth effects of fiscal policy or the distribution effects of fiscal policy, leaving out the existence of possible trade-off between economic growth and income inequality following a fiscal shock. To the best of our knowledge, no empirical study has been done on Ghana to empirically examine the trade-off between economic growth and income inequality as we do in this paper.

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来源期刊
CiteScore
3.20
自引率
7.70%
发文量
41
期刊介绍: African Journal of Economic and Management Studies (AJEMS) advances both theoretical and empirical research, informs policies and practices, and improves understanding of how economic and business decisions shape the lives of Africans. AJEMS is a multidisciplinary journal and welcomes papers from all the major disciplines in economics, business and management studies.
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