Fiscal reform and fiscal sustainability: Evidence from Australia and Sweden

被引：5

作者：

Miyazaki, Tomomi ^{[1
]}

机构：

[1] Kobe Univ, Grad Sch Econ, Nada Ku, Kobe, Hyogo 6578501, Japan

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2014年 / 33卷

关键词：

Fiscal reform; Expenditure ceilings; Dynamic OLS; GOVERNMENT BUDGET; TESTS; CONSTRAINTS; DEFICITS; DEBT;

D O I：

10.1016/j.iref.2014.04.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines how the adoption of a fiscal rule affects the sustainability of fiscal policy in two OECD countries; Australia and Sweden. In Australia, we show that government revenues are not necessarily growing at a faster rate than government expenditures, at least from the viewpoint of a statistical long-run relationship. In contrast, in Sweden, we show that the reform is more beneficial for the attainment of a budget surplus. (C) 2014 Elsevier Inc. All rights reserved.

引用

页码：141 / 151

页数：11

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