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
收藏
页码：141 / 151
页数：11
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