Publications
Detailed Information
Effects of Fiscal Consolidation in 18 OECD Countries
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Jeong, Kwang Jo | - |
dc.date.accessioned | 2017-03-22T06:24:34Z | - |
dc.date.available | 2017-03-22T06:24:34Z | - |
dc.date.issued | 2017-01 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.30 No.1, pp. 51-91 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/109923 | - |
dc.description.abstract | This paper estimates the effects of fiscal consolidation on economic growth using panel datasets from 18 Organization for Economic Cooperation and Development (OECD) countries. The estimates of dynamic panel data Generalized Method of Moment (GMM) analysis show that fiscal consolidation is unlikely to be expansionary for GDP growth. Both Arellano-Bond difference GMM estimation and Blundell-Bond system GMM estimation suggest that fiscal consolidation exert negative effects on economic growth. Results do not support the expansionary fiscal consolidation hypothesis. In particular, our analyses find that fiscal consolidations during high debt-to-GDP ratios, based on spending cuts, or with high sovereign default risk exert less negative effects on economic growth than those during low debt-to-GDP ratios, based on tax hikes, or with low sovereign default risk. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Fiscal consolidation | - |
dc.subject | Economic growth | - |
dc.subject | Debt-to-GDP ratio | - |
dc.subject | Sovereign default risk | - |
dc.title | Effects of Fiscal Consolidation in 18 OECD Countries | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 정광조 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 91 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 51-91 | - |
dc.citation.startpage | 51 | - |
dc.citation.volume | 30 | - |
- Appears in Collections:
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.