کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9554894 | 1376288 | 2005 | 35 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Tax base variability and procyclical fiscal policy in developing countries
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Based on a sample of 56 countries, we show that fiscal policy in the G7 countries appears to be acyclical while fiscal policy in developing countries is procyclical (i.e., fiscal policy is expansionary in good times and contractionary in bad times). To explain this puzzle, we develop an optimal fiscal policy model in which running budget surpluses is costly because they create pressures to increase public spending. Given this distortion, a government that faces large fluctuations in the tax base-as is the case for developing countries-will find it optimal to run a procyclical fiscal policy.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Development Economics - Volume 78, Issue 1, October 2005, Pages 156-190
Journal: Journal of Development Economics - Volume 78, Issue 1, October 2005, Pages 156-190
نویسندگان
Ernesto Talvi, Carlos A. Végh,