Assessing long-term fiscal development : evidence from Portugal

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2009
Outros Autores: Sousa, Ricardo M.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/2534
Resumo: Drawing on quarterly data for Portugal, we use a Three-Stage Least Square method and a system of equations to recursively estimate two components of fiscal policy -responsiveness and persistence - and to infer about the sources of fiscal deterioration (improvement). The results suggest that: (i) government spending exhibits higher persistence than government revenue; and (ii) government revenue is more responsive to the business cycle than government spending.
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spelling Assessing long-term fiscal development : evidence from PortugalFiscal DeteriorationPortugalDrawing on quarterly data for Portugal, we use a Three-Stage Least Square method and a system of equations to recursively estimate two components of fiscal policy -responsiveness and persistence - and to infer about the sources of fiscal deterioration (improvement). The results suggest that: (i) government spending exhibits higher persistence than government revenue; and (ii) government revenue is more responsive to the business cycle than government spending.ISEG – Departamento de EconomiaRepositório da Universidade de LisboaAfonso, AntónioSousa, Ricardo M.2010-11-19T11:37:40Z20092009-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/2534engAfonso, António e Ricardo M. Sousa. 2009. "Assessing long-term fiscal development : evidence from Portugal". Instituto Superior de Economia e Gestão - DE Working papers nº 3-2009/DE/UECE0874-4548info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:33:43Zoai:www.repository.utl.pt:10400.5/2534Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:50:32.038530Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Assessing long-term fiscal development : evidence from Portugal
title Assessing long-term fiscal development : evidence from Portugal
spellingShingle Assessing long-term fiscal development : evidence from Portugal
Afonso, António
Fiscal Deterioration
Portugal
title_short Assessing long-term fiscal development : evidence from Portugal
title_full Assessing long-term fiscal development : evidence from Portugal
title_fullStr Assessing long-term fiscal development : evidence from Portugal
title_full_unstemmed Assessing long-term fiscal development : evidence from Portugal
title_sort Assessing long-term fiscal development : evidence from Portugal
author Afonso, António
author_facet Afonso, António
Sousa, Ricardo M.
author_role author
author2 Sousa, Ricardo M.
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Sousa, Ricardo M.
dc.subject.por.fl_str_mv Fiscal Deterioration
Portugal
topic Fiscal Deterioration
Portugal
description Drawing on quarterly data for Portugal, we use a Three-Stage Least Square method and a system of equations to recursively estimate two components of fiscal policy -responsiveness and persistence - and to infer about the sources of fiscal deterioration (improvement). The results suggest that: (i) government spending exhibits higher persistence than government revenue; and (ii) government revenue is more responsive to the business cycle than government spending.
publishDate 2009
dc.date.none.fl_str_mv 2009
2009-01-01T00:00:00Z
2010-11-19T11:37:40Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/2534
url http://hdl.handle.net/10400.5/2534
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António e Ricardo M. Sousa. 2009. "Assessing long-term fiscal development : evidence from Portugal". Instituto Superior de Economia e Gestão - DE Working papers nº 3-2009/DE/UECE
0874-4548
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG – Departamento de Economia
publisher.none.fl_str_mv ISEG – Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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