The Causal Relationship Between Government Revenue And Expenditure In Serbia

• Autorzy: Stevan Luković , Milka Grbić

Warianty tytułu

BS

TESTIRANJE POVEZANOSTI DRŽAVNIH PRIHODA I DRŽAVNIH RASHODA U SRBIJI

• Języki publikacji: EN

Abstrakty

EN

This paper studies the causal relationship between government revenue and government expenditure in Serbia, using quarterly data for the 2003 (Q1) - 2012 (Q4) period. In addition to the theoretical arguments regarding this causality, extensive empirical literature is also available. The problem of the fiscal deficit has been a significant burden for the economic system of Serbia for a number of years. Therefore, the relationship between government revenue and government expenditure represents an important issue that should be studied empirically in order to draw certain conclusions. In this paper, the Toda-Yamamoto long-run non-causality method is used to determine whether the causal relationship between government revenue and government expenditure exists in Serbia. The application of this method confirms the existence of a unidirectional (one-way) causality running from government expenditure to government revenue, which means that government expenditure Granger-causes government revenue.

Słowa kluczowe

EN

public revenue; public expenditure; Granger causality test; Toda-Yamamoto method; Serbia

BS

državni prihodi; državni rashodi; Grejndžerov test uzročnosti; Toda-Yamamoto metod; Srbija

• Wydawca: Sciendo
• Czasopismo: Economic Themes
• Rocznik: 2014
• Tom: 52
• Numer: 2
• Strony: 127-138

Daty

wydano

2014-06-01

otrzymano

2014-01-20

zaakceptowano

2014-06-10

online

2015-03-25

Twórcy

autor

Stevan Luković

• University of Kragujevac, Faculty of Economics, Serbia,

autor

Milka Grbić

• University of Kragujevac, Faculty of Economics, Serbia,

Bibliografia

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• Aziz, A. M. et al. (2000) “Testing for Causality Between Taxation and Government Spending: An Application of Toda-Yamamoto Approach“, Pertanika Journal of Social Science and Humanities, 8(1): 45-50
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• Taha, R., Loganathan, N. (2008) “Causality Between Tax Revenue and Government Spending in Malaysia”, The International Journal of Business and Finance Research, 2 (2): 63-73
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• Young, A. (2009) “Tax-Spend or Fiscal Illusion”, CATO Journal, 29 (3): 469-485

Identyfikatory

DOI

10.1515/ethemes-2014-0009