Government expenditures and revenues in Jordan, what cause what? Multivariate cointegration analysis

Aktham Maghyereh; Osama D. Sweidan

Government expenditures and revenues in Jordan, what cause what? Multivariate cointegration analysis

Research output: Contribution to journal › Article › peer-review

Abstract

The hypotheses of tax-and-spend, spend-and-tax, and fiscal synchronization were tested using annual time series data for Jordan over the period 1969-2002. We include GDP as a control variable into the model. The results from Granger causality test and impulse response function and variance decomposition analysis based on the corresponding multivariate error-correction models suggest feedback effect between government revenues and government expenditures, supporting the fiscal synchronization hypothesis for Jordan.

Original language	English
Pages (from-to)	14-26
Number of pages	13
Journal	Ekonomska Istrazivanja
Volume	18
Issue number	1
Publication status	Published - 2005
Externally published	Yes

Keywords

Cointegration
Fiscal policy
Government expenditures
Government revenues
Jordan economy

ASJC Scopus subject areas

Economics and Econometrics

Cite this

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abstract = "The hypotheses of tax-and-spend, spend-and-tax, and fiscal synchronization were tested using annual time series data for Jordan over the period 1969-2002. We include GDP as a control variable into the model. The results from Granger causality test and impulse response function and variance decomposition analysis based on the corresponding multivariate error-correction models suggest feedback effect between government revenues and government expenditures, supporting the fiscal synchronization hypothesis for Jordan.",

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AB - The hypotheses of tax-and-spend, spend-and-tax, and fiscal synchronization were tested using annual time series data for Jordan over the period 1969-2002. We include GDP as a control variable into the model. The results from Granger causality test and impulse response function and variance decomposition analysis based on the corresponding multivariate error-correction models suggest feedback effect between government revenues and government expenditures, supporting the fiscal synchronization hypothesis for Jordan.

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KW - Fiscal policy

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KW - Government revenues

KW - Jordan economy

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Government expenditures and revenues in Jordan, what cause what? Multivariate cointegration analysis

Abstract

Keywords

ASJC Scopus subject areas

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