Is there any evidence of tax-and-spend, spend-and-tax or fiscal synchronization from panel of Indian state?

被引：17

作者：

Akram, Vaseem ^{[1
]}

Rath, Badri Narayan ^{[1
]}

机构：

[1] Indian Inst Technol Hyderabad, Dept Liberal Arts, Kandi 502285, Sangareddy, India

来源：

APPLIED ECONOMICS LETTERS | 2019年 / 26卷 / 18期

关键词：

Government revenue; government expenditure; Indian states; fiscal synchronization; panel unit root; Dumitrescu-Hurlin panel causality; UNIT-ROOT TEST; GOVERNMENT EXPENDITURE NEXUS; STRUCTURAL BREAK; MEAN REVERSION; REVENUE; CAUSALITY; ASYMMETRIES; SIZE;

D O I：

10.1080/13504851.2019.1584363

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the government revenue and government expenditure nexus using a panel of 26 Indian states from 1980-1981 to 2014-2015. While most of the previous literature claims that revenue and expenditure series are non-stationary at level, we employ both Narayan and Popp two structural break and cross-sectional augmented Im-Pesaran-Shin (CIPS) panel unit root tests, and found two series are stationary. Further, our results derived from Dumitrescu-Hurlin panel causality test support the 'fiscal synchronization' hypothesis for Indian states. Finally, the revenue and expenditure of Indian state governments are segregated into revenue account and capital account, and again our results support the existence of 'fiscal synchronization' hypothesis.

引用

页码：1544 / 1547

页数：4

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