Salvato in:
| Autore principale: | |
|---|---|
| Natura: | Artículo científico |
| Lingua: | en |
| Pubblicazione: |
Fundación SEPI
2004
|
| Soggetti: | |
| Accesso online: | https://www.redalyc.org/articulo.oa?id=17328107 |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
Sommario:
- FISCAL CONSOLIDATION IN SPAIN: DYNAMIC INTERDEPENDENCE OF PUBLIC SPENDING AND REVENUES Francisco de Castro José Manuel González Páramo Pablo Hernández De Cos Economía y Finanzas causality cointegration Fiscal consolidation Meeting fiscal targets set out in the Stability and Growth Pact for EMU countriesrequires the correction of fiscal imbalances. We consider what is themost e��cient strategy to achieve permanent reductions in fiscal deficits inSpain. We analyse the possible interdependence between expenditure and revenuesby performing standard Granger causality tests. We find that there is abias towards deficit in public sector size and long-run bidirectional causalitybetween public revenues and expenditure, although the direction of causalityseems to hold mainly from public expenditure to revenues. Achieving fiscalconsolidation should be based reducing structural public expenditure. 2004 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17328107 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.1 Vol.XXVIII