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|z 9781451874365
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|a 1018-5941
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|a Wang, Qing.
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|a Testing the Relationship Between Government Spending and Revenue :
|b Evidence From GCC Countries /
|c Qing Wang, Ugo Fasano-Filho.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2002.
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|a 1 online resource (27 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The paper examines the direction of causality between total government expenditure and revenue in oil-dependent GCC countries by utilizing a cointegration and error-correction modeling framework, and by calculating a variance decomposition analysis. In addition, it presents impulse responses to shed light on the dynamic relation of expenditure to a revenue shock. The results confirm expectations that government spending follows oil revenue, suggesting a pro-cyclical expenditure policy to variations in oil revenue. To make budget expenditure less driven by revenue availability, the authorities could resort to a medium-term expenditure framework, so that expenditures can be planned and insulated from volatile short-term revenue availability.
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|a Mode of access: Internet
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|a Fasano-Filho, Ugo.
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|a IMF Working Papers; Working Paper ;
|v No. 2002/201
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2002/201/001.2002.issue-201-en.xml
|z IMF e-Library
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