Article ID Journal Published Year Pages File Type
5087352 Journal of Asian Economics 2013 14 Pages PDF
Abstract
► This paper investigates the effectiveness of fiscal policy in five ASEAN economies using an open economy SVAR model. ► We found government spending has no immediate and statistically significant impact on output for countries studied here. ► Tax increases generate positive output growth in all countries but only statistically significant in Thailand and Indonesia. ► Time-varying VAR reveal that the positive impact from higher taxes mainly concentrated around crisis periods.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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