Fiscal Consolidation and Firm Level Productivity : Evidence from Advanced Economies /

Productivity dispersion across countries has led to several studies on the determinants of firm level productivity and the role of macroeconomic policies in determining productivity. In this paper, we investigate the effect of fiscal consolidation on firm level productivity in 12 advanced economies...

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書目詳細資料
主要作者: Tuuli, Maxwell
其他作者: Long, Ngo Van.
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2022.
叢編:IMF Working Papers; Working Paper ; No. 2022/126
主題:
在線閱讀:Full text available on IMF
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245 1 0 |a Fiscal Consolidation and Firm Level Productivity :   |b Evidence from Advanced Economies /  |c Maxwell Tuuli, Ngo Van Long. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (52 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Productivity dispersion across countries has led to several studies on the determinants of firm level productivity and the role of macroeconomic policies in determining productivity. In this paper, we investigate the effect of fiscal consolidation on firm level productivity in 12 advanced economies by combining an updated dataset of fiscal consolidation measures with firm level productivity. We find that fiscal consolidation (i.e., discretionary tax hikes and spending cuts), is detrimental to firm level productivity in advanced economies. We also find that high levels of fiscal consolidation are particularly harmful to firm level productivity compared to lower levels of fiscal consolidation. Furthermore, we find that tax based fiscal consolidation hinders firm level productivity more compared to spending based fiscal consolidation. This implies that the size and composition of fiscal consolidation matter in understanding the relationship between fiscal consolidation and firm level productivity. 
538 |a Mode of access: Internet 
650 7 |a Cost  |2 imf 
650 7 |a Fiscal Policies and Behavior of Economic Agents  |2 imf 
650 7 |a Globalization  |2 imf 
650 7 |a Production  |2 imf 
650 7 |a Taxation, Subsidies, and Revenue  |2 imf 
700 1 |a Long, Ngo Van.. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/126 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=126  |z IMF e-Library