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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Tuuli, Maxwell
مؤلفون آخرون: Long, Ngo Van.
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2022.
سلاسل:IMF Working Papers; Working Paper ; No. 2022/126
الموضوعات:
الوصول للمادة أونلاين:Full text available on IMF
LEADER 02341cas a2200313 a 4500
001 AALejournalIMF022775
008 230101c9999 xx r poo 0 0eng d
020 |c 20.00 USD 
020 |z 9798400214462 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Tuuli, Maxwell. 
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