Government size, unemployment, and inflation nexus in eight large emerging market economies
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/16019 |
Resumo: | Using a panel of eight large emerging market economies from 1980 to 2015, this paper seeks to assess the causal linkages between government size, unemployment, and inflation. Overall, our results suggest that the government size is positively associated with both unemployment and inflation. The Granger causality runs from the government size to unemployment and to inflation. From our analysis, two aspects stand out. First, the effects of government size on unemployment and inflation depend essentially on how the government size is measured. As long as government consumption spending is considered as the proxy measure of the government size, the government size is significantly and positively correlated with unemployment, and with inflation. Second, indirect taxes, like government consumption spending, have a positive as well as statistically significant association with unemployment. However, the direct taxes solely exert a strong effect on inflation in the countries considered. |
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Government size, unemployment, and inflation nexus in eight large emerging market economiesGovernment SizeUnemploymentInflationEmerging Market EconomiesUsing a panel of eight large emerging market economies from 1980 to 2015, this paper seeks to assess the causal linkages between government size, unemployment, and inflation. Overall, our results suggest that the government size is positively associated with both unemployment and inflation. The Granger causality runs from the government size to unemployment and to inflation. From our analysis, two aspects stand out. First, the effects of government size on unemployment and inflation depend essentially on how the government size is measured. As long as government consumption spending is considered as the proxy measure of the government size, the government size is significantly and positively correlated with unemployment, and with inflation. Second, indirect taxes, like government consumption spending, have a positive as well as statistically significant association with unemployment. However, the direct taxes solely exert a strong effect on inflation in the countries considered.ISEG - REM - Research in Economics and MathematicsRepositório da Universidade de LisboaAfonso, AntónioSen, HuseyinKaya, Ayse2018-10-01T10:42:35Z2018-052018-05-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/16019engAfonso, António, Huseyin Sen e Ayse Kaya (2018). "Government size, unemployment, and inflation nexus in eight large emerging market economies". Instituto Superior de Economia e Gestão – REM Working paper nº 038 - 20182184-108Xinfo: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:RCAAP2023-03-06T14:45:53Zoai:www.repository.utl.pt:10400.5/16019Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:31.745846Repositório 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 |
Government size, unemployment, and inflation nexus in eight large emerging market economies |
title |
Government size, unemployment, and inflation nexus in eight large emerging market economies |
spellingShingle |
Government size, unemployment, and inflation nexus in eight large emerging market economies Afonso, António Government Size Unemployment Inflation Emerging Market Economies |
title_short |
Government size, unemployment, and inflation nexus in eight large emerging market economies |
title_full |
Government size, unemployment, and inflation nexus in eight large emerging market economies |
title_fullStr |
Government size, unemployment, and inflation nexus in eight large emerging market economies |
title_full_unstemmed |
Government size, unemployment, and inflation nexus in eight large emerging market economies |
title_sort |
Government size, unemployment, and inflation nexus in eight large emerging market economies |
author |
Afonso, António |
author_facet |
Afonso, António Sen, Huseyin Kaya, Ayse |
author_role |
author |
author2 |
Sen, Huseyin Kaya, Ayse |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Afonso, António Sen, Huseyin Kaya, Ayse |
dc.subject.por.fl_str_mv |
Government Size Unemployment Inflation Emerging Market Economies |
topic |
Government Size Unemployment Inflation Emerging Market Economies |
description |
Using a panel of eight large emerging market economies from 1980 to 2015, this paper seeks to assess the causal linkages between government size, unemployment, and inflation. Overall, our results suggest that the government size is positively associated with both unemployment and inflation. The Granger causality runs from the government size to unemployment and to inflation. From our analysis, two aspects stand out. First, the effects of government size on unemployment and inflation depend essentially on how the government size is measured. As long as government consumption spending is considered as the proxy measure of the government size, the government size is significantly and positively correlated with unemployment, and with inflation. Second, indirect taxes, like government consumption spending, have a positive as well as statistically significant association with unemployment. However, the direct taxes solely exert a strong effect on inflation in the countries considered. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-10-01T10:42:35Z 2018-05 2018-05-01T00:00:00Z |
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/10400.5/16019 |
url |
http://hdl.handle.net/10400.5/16019 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Afonso, António, Huseyin Sen e Ayse Kaya (2018). "Government size, unemployment, and inflation nexus in eight large emerging market economies". Instituto Superior de Economia e Gestão – REM Working paper nº 038 - 2018 2184-108X |
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 - REM - Research in Economics and Mathematics |
publisher.none.fl_str_mv |
ISEG - REM - Research in Economics and Mathematics |
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 instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
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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1799131104060375040 |