The government revenue and government expenditure nexus: empirical evidence from nine Asian countries

2005 ◽  
Vol 15 (6) ◽  
pp. 1203-1216 ◽  
Author(s):  
Paresh Kumar Narayan
Keyword(s):  
Empirical Evidence ◽  
Government Expenditure ◽  
Government Revenue ◽  
Asian Countries ◽  
The Government

The Effect of Copper Price Shock on the Relationship between Government Revenue and Expenditure: Testing the Fiscal Stability Law of Mongolia

2020 ◽  
pp. 27-33
Author(s):  
Ariungerel Bayarsaikhan
Keyword(s):  
Government Expenditure ◽  
Copper Price ◽  
Government Revenue ◽  
Price Shock ◽  
Strong Causality ◽  
The Government ◽  
The Stability ◽  
Effect Of Copper ◽  
The Relationship ◽  
Auto Regression

This study empirically investigates the relationship between government revenue, government expenditure and the copper price in Mongolia, a resource abundant country. Using quarterly data of government revenue, expenditure and international copper price from 2000 to 2015, the results of auto regression (VAR) show that there is a strong causality from revenue to expenditure, while increase in expenditure, most likely, is not accompanied by rises in revenue. This result is consistent with the revenue-spent hypothesis. Moreover, the result also indicates that copper price shock increases revenue, but decreases expenditure. This finding supports the assumption that the Mongolian government follows its Fiscal Stability Law, a strategy that intends to maintain the stability and sustainability of the government budget.

scholarly journals An Economic Analysis of Government Revenue and Expenditure in Nepal

2017 ◽  
Vol 31 (1-2) ◽  
pp. 51-62
Author(s):  
Krishna Raj Acharya
Keyword(s):  
Public Expenditure ◽  
Government Expenditure ◽  
Fiscal Year ◽  
Government Revenue ◽  
Economic Literature ◽  
Role Of Government ◽  
Revenue Collection ◽  
Percent Contribution ◽  
The Government

 The government revenue and expenditure are two key words frequently discussed in economic literature. In the context of Nepal both are increasing but increase in expenditure is rapid than the increase in revenue. Government expenditure if not matched with government income, it may have accompanied with economic evils. Revenue collection if not increased or managed in time, the amount of public debt will increase more rapidly in the future. In this connection, the volume of expenditure is increasing year after year due to the increased role of government in the economy. Revenue mobilization in fiscal year 2012/13 and 2013/14 hovered around 21 percent while that in FY 2014/15 was just 13.8 percent. Contribution of revenue to the total income in FY 2011/12 had remained at 84.85 percent while it grew to 88.65 percent, 89.86 percent and 90.11 percent respectively in the fiscal years from 2012/13 2013/14, and 2014/15 respectively. Hence the volume of public expenditure is increasing rapidly year after year. In FY2012/13 increase in public expenditure was 5.74 percent per annum which reached to 22.18 per annum in year 2014/15.

scholarly journals DINAMIKA UTANG PEMERINTAH DAN KESINAMBUNGAN FISKAL DI INDONESIA PERIODE 1980-2005: SUATU UJI PERBANDINGAN TIGA PENDEKATAN

2007 ◽  
Vol 8 (1) ◽  
pp. 1-30
Author(s):  
Gaffari Ramadhan ◽  
Robert SimanjunIak
Keyword(s):  
Government Expenditure ◽  
Government Debt ◽  
Fiscal Sustainability ◽  
Government Revenue ◽  
Middle Term ◽  
Dynamic Movement ◽  
Primary Deficit ◽  
The Government ◽  
The Interest Rate ◽  
The Right

Economic crisis which happened several years ago has caused many impacts to Indonesia. One of these impacts is a huge amount of government debt. Particularly, the government debt whether from domestic or foreign is one of the instruments to finance government expenditure which can not be fulfilled entirely by revenues from taxes. However, using the government debt to fund the government expenditure has consequences for the government to pay-back not only for the interest rate but also for the principal of debt which have maturity-date in the future. The purpose of this study is to analyze how far the development of the government debt dynamic from both domestic and foreign is correlated to fiscal sustainability. This study uses a case of lndonesia in period 1980-2005 which is divided into three periods: before crisis (1980-1997), crisis (1998-2000), and after crisis (2001-2005). In this study, we use Branson (1992) to analyze the government debt dynamic. In addition, we also use different approaches to have several comparisons in our analysis by Hamilton and Flavin (1986), Wilcox(1989), and Trehan and Walsh (1991). Besides that, we also conduct projection of the ratio of government revenue to GDP which is needed to support in decreasing of the ratio of government debt to GDP in the middle-term until 2010. In summary, this study shows that after the crisis, the dynamic movement of the government debt is decreasing continuously. Further more, the government debt and the primary deficit still stand on the sustainable path, or the right track. Equally important, in the middle-term, the ratio of government revenue to GDP is still needed to maintain in decreasing of the government debt from year to year. Generally, this study shows that fiscal condition in Indonesia after the crisis reflects sustainable and suitable to the assumption of Non-Ponzi Game.

scholarly journals ANALISIS PENGARUH BELANJA PEMERINTAH, TENAGA KERJA, DAN PENDAPATAN ASLI DAERAH TERHADAP PERTUMBUHAN EKONOMI REGIONAL PROVINSI JAWA TIMUR TAHUN 2010-2015

2017 ◽  
Vol 15 (1) ◽  
pp. 71
Author(s):  
Avicenna S Hidayat ◽  
Frederic Winston Nalle
Keyword(s):  
Economic Growth ◽  
Local Government ◽  
Government Spending ◽  
Panel Data Analysis ◽  
Government Expenditure ◽  
Regional Economic Growth ◽  
Government Revenue ◽  
Regional Economic ◽  
The Government ◽  
Regional Product

Regional economic growth is expressed in the Gross Domestic Regional Product is a good indicator in analyzing the economic conditions of a region. East Java is a province with high regional economic growth. This is supported by adequate government spending, labor, and local revenue. In terms of government expenditure that always experienced increase, indicating more activities financed by the government budget so that the expected multiplier effect is also greater. On the other side of the labor force, East Java has great potential, 19, 36 million people by 2015. Finally, in terms of Original Local Government Revenue, in 2015 the percentage of realization of Original Local Government Revenue East Java is even able to exceed the percentage of realization of state revenues derived from taxes. This study aims to determine the effect of government spending, labor, and Original Local Government Revenue  on regional economic growth in 38 districts / cities in the Province of East Java period 2010-2015. Using panel data analysis, it was found that government spending, labor, and Original Local Government Revenue variables were positively and significantly influenced regional economic growth.

scholarly journals Fiscal Policy Behaviour in ASEAN: Countercyclical or Procyclical?

2020 ◽  
Author(s):  
Raisa Fitriaini
Keyword(s):  
Fiscal Policy ◽  
Government Expenditure ◽  
Least Square ◽  
Analysis Tool ◽  
Government Revenue ◽  
Real Sector ◽  
Fiscal Balance ◽  
The Government ◽  
Economic Stabilization ◽  
Potential Tool

Fiscal policy is a policy imposed by the government to influence economic activity in the real sector through expenditure and revenue. Fiscal policy help in smoothing business cycle fluctuations (boom or recession) makes it a potential tool for economic stabilization. Referring to the theory, fiscal policy should have a countercyclical behaviour. Vice versa, many evidence shows if the behaviour of fiscal policy diverse among countries. Therefore, the purpose of this study is to find the fiscal policy behaviour in ASEAN (2001-2018) using the Panel Least Square analysis tool. The estimation results show that the behaviour of fiscal policy in ASEAN are countercyclical for government revenue approach and fiscal balance approach, whereas government expenditure approach is procyclical.   Keywords: fiscal policy, fiscal policy behaviour, countercyclical, procyclical

scholarly journals Does Government Spending in Health, Education, and Military Improve Welfare in Asian Developing Countries?

2021 ◽  
Vol 22 (1) ◽  
pp. 59-74
Author(s):  
Wiksadana Wiksadana ◽  
Estro Dariatno Sihaloho
Keyword(s):  
Developing Countries ◽  
Government Spending ◽  
Health Expenditure ◽  
Government Expenditure ◽  
Least Square ◽  
Asian Countries ◽  
The Government ◽  
Government Health Expenditure ◽  
The Impact ◽  
Asian Developing Countries

The study of government expenditure is essential for economists and policymakers. This study aims to analyze the impact of various government spending, mainly on education, health, and military, on the effect of welfare on Asian Countries. This study was conducted in 20 Asian countries constructed on panel data from 2013–2017 and is analyzed using the fixed effect general least square (FEGLS) method. The results show that, government spending in health, military, and education had a positive and significant effect on Asian Countries' welfare. This research concludes that, the government health expenditure had the highest impact on welfare, followed by education and military spending.

scholarly journals Financial Policies Supporting Acceleration of Sustainable Economic and Fiscal Growth in Indonesia

2020 ◽  
Vol 5 (2) ◽  
pp. 110-118
Author(s):  
Fikry Ramadhan Suhendar ◽  
Nurlailiyah Aidatus Sholihah
Keyword(s):  
Fiscal Policy ◽  
Government Expenditure ◽  
Government Revenue ◽  
Financial Policies ◽  
Market Prices ◽  
The Public ◽  
Government Decision ◽  
Qualitative Descriptive ◽  
Descriptive Approach ◽  
The Government

This paper explores the fiscal policy of a country, as well as the policies that influence the economic growth of a country, since the course of government decision-making would be decided by fiscal policy and government expenditure. A research that uses a qualitative descriptive approach and thus a large literature is required to provide information to the government in order to ensure that the government can avoid delaying market prices. Community security can be accomplished when rates can be set by the government. In addition to fiscal policy that can preserve equilibrium, fiscal policy can have an effect on country's economic development and can establish social justice for all societies, followed by fiscal policy in a country through taxes and other responsibilities in Islam such as Zakat. Waqf, as philanthropy, may also help the government's efforts to raise government revenue and is sponsored by top management in the public financial sector, with the expectation that macro and micro businesses may develop in a country.  

Malaysian Homestays: The Need for Standardized Regulation

2020 ◽  
Vol 17 (2) ◽  
pp. 63
Author(s):  
ROHASLINDA BINTI RAMELE ◽  
YAMAZAKI JUICHI ◽  
MD NAJIB IBRAHIM ◽  
LILIS SHEREENA SAFIEE
Keyword(s):  
Rural Community ◽  
Rural Tourism ◽  
Asian Countries ◽  
Government Organizations ◽  
Rural Income ◽  
Arts And Culture ◽  
The Government ◽  
Host Families ◽  
Southeast Asian Countries ◽  
Management Operation

This study aims to clarify regulations used among each type of registered and unregistered Malaysian homestays and to reveal issues arose regarding the implemented regulations. Selected homestays that are established by the government organizations and individuals were investigated to carry out the comparison on each homestay. Host families and persons in charge of the Ministry of Tourism, Arts and Culture (MOTAC), the Ministry of Agriculture (MOA), and the Ministry of Rural and Regional Development (MRRD) were also interviewed. Findings showed that there is only one guideline used for all types of homestays in Malaysia, which is the Malaysia Homestay Registration Guideline, established by MOTAC. MOTAC has also been selected as a leader of homestays in the Southeast Asian countries by the ASEAN Secretariat; therefore, the ASEAN Homestay Standard is also being referred. However, the implementation of this guideline and standard among other homestays unregistered with MOTAC (homestays established by MOA, MRRD, and individuals) is not compulsory, although encouraged, where they may receive equal benefits in term of facilities and promotion. Some issues arose due to the tax regulated by the local authorities, failure on homestays to be registered with MOTAC, and abandoned homestays. This study recommended that the Malaysia Homestay Registration Guideline to be standardized and regulated to all types of homestays, including individuals and unregistered homestays in Malaysia. This is important in order to reduce issues arose involving the homestay industry, providing safety and comfort to the tourists and, to help to develop rural income among host families and the rural community themselves.Keywords: Rural tourism, homestay, regulation, management, operation

scholarly journals Educational Level and Tax Compliance: Empirical Evidence From Nigeria

2020 ◽  
Vol 10 (1) ◽  
pp. 160
Author(s):  
Stanley Ogoun ◽  
Godspower Anthony Ekpulu
Keyword(s):  
Educational Level ◽  
Government Expenditure ◽  
Tax Compliance ◽  
Tax Revenue ◽  
Education Expenditure ◽  
Government Investment ◽  
Ex Post ◽  
National Priority ◽  
Ex Post Facto ◽  
The Government

The study interrogates the relationship between educational level and tax compliance in Nigeria. The study employs the ex post facto research design to ascertain how government investment in education enhances tax compliance. The study covers 17 years (2002-2018) for both tax revenue (a surrogate for tax compliance) and education expenditure (a surrogate for educational level). From the empirical results, the study concludes that there is a positive nexus between government expenditure on education and tax revenue. The study, therefore, recommends that as a matter of necessity, the government should invest more in the overall educational demand of her citizens not only from tax revenues but from other oil and non-oil sources. The governments, from the federal and state levels, should act as a matter national priority endeavour to meet up with the international budgetary benchmark allocation for education, as recommended by the United Nations Educational, Scientific and Cultural Organization (UNESCO) in its Education for All (EFA) document 2000-2015. This will give Nigerians more access to quality education that would result in moving up the global ranking in HDI with its resultant benefits.

ATTAINMENT OF HIGHER ENROLLMENT RATES IN PAKISTAN: A MACROECONOMIC AND ECONOMETRIC STUDY

2012 ◽  
Vol 01 (07) ◽  
pp. 17-29
Author(s):  
Furrukh Bashir ◽  
Shahbaz Nawaz ◽  
Rahat Ullah ◽  
Muhammad Ramzan Arshad ◽  
Munwar Bagum ◽  
...  
Keyword(s):  
Labor Force ◽  
Health Expenditure ◽  
Price Index ◽  
Consumer Price Index ◽  
Government Expenditure ◽  
Government Revenue ◽  
Long Run ◽  
University Enrollment ◽  
Enrollment Rates ◽  
Short Run

Education is always considered as the major determinant for the development of any economy. Enrollment at various levels also shows that how much education is common within the citizens of the country. Considering the importance of enrollment, the current study examines the influence of some macroeconomic variables on various levels i.e. primary, secondary, higher, college, professional and university enrollment in Pakistan. Time series data has been gathered on consumer price index, government revenue, employed labor force, government expenditure, and health expenditure for the period from 1972 to 2010. For long run estimates, Johansen Co integration test is used and short run estimates are taken through error correction model. The results of the study exhibit positive association of employed labor force, government expenditure and health expenditure with primary, secondary, higher, college, professional and university enrollment in Pakistan. On the other side, consumer price index and government revenue have been found to be inversely influencing enrollment at various levels. Short run results are also much favorable for the economy and reveals convergence towards long run equilibrium due to any disturbances in the short run period. At the end study gives some policy implications that government should decrease consumer price index and tax rate and to increase government expenditure in terms of education and health for higher enrollment rates in Pakistan.

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