Assessing long-term fiscal developments : evidence from Portugal

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2011
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/1822/11968
Resumo: We use a 3SLS 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). Using quarterly data, 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, pointing to fiscal deterioration issues.
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spelling Assessing long-term fiscal developments : evidence from PortugalFiscal deteriorationPortugalSocial SciencesWe use a 3SLS 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). Using quarterly data, 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, pointing to fiscal deterioration issues.Fundação para a Ciência e a Tecnologia (FCT)RoutledgeUniversidade do MinhoAfonso, AntónioSousa, Ricardo M.2011-012011-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/11968eng"Applied Economics Letters". ISSN 1350-4851. 18:1 (Jan. 2011) 1-5.1350-485110.1080/13504850903425090http://www.informaworld.com/smpp/content~db=all~content=a922759218info: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:RCAAP2023-07-21T12:40:53Zoai:repositorium.sdum.uminho.pt:1822/11968Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:37:44.782009Repositório 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 developments : evidence from Portugal
title Assessing long-term fiscal developments : evidence from Portugal
spellingShingle Assessing long-term fiscal developments : evidence from Portugal
Afonso, António
Fiscal deterioration
Portugal
Social Sciences
title_short Assessing long-term fiscal developments : evidence from Portugal
title_full Assessing long-term fiscal developments : evidence from Portugal
title_fullStr Assessing long-term fiscal developments : evidence from Portugal
title_full_unstemmed Assessing long-term fiscal developments : evidence from Portugal
title_sort Assessing long-term fiscal developments : 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 Universidade do Minho
dc.contributor.author.fl_str_mv Afonso, António
Sousa, Ricardo M.
dc.subject.por.fl_str_mv Fiscal deterioration
Portugal
Social Sciences
topic Fiscal deterioration
Portugal
Social Sciences
description We use a 3SLS 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). Using quarterly data, 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, pointing to fiscal deterioration issues.
publishDate 2011
dc.date.none.fl_str_mv 2011-01
2011-01-01T00:00:00Z
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/1822/11968
url http://hdl.handle.net/1822/11968
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv "Applied Economics Letters". ISSN 1350-4851. 18:1 (Jan. 2011) 1-5.
1350-4851
10.1080/13504850903425090
http://www.informaworld.com/smpp/content~db=all~content=a922759218
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 Routledge
publisher.none.fl_str_mv Routledge
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
instacron_str 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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