Asymmetric effects of oil revenue shocks on government spending composition and productive sectors: new evidence from Nigeria

2019 ◽  
Vol 43 (3) ◽  
pp. 241-258
Author(s):  
David Oluseun Olayungbo
Keyword(s):  
Government Spending ◽  
Asymmetric Effects ◽  
Oil Revenue ◽  
New Evidence

The Impact of Fiscal Policy on Economic Activity over the Business Cycle: An Empirical Investigation in the Case of Algeria

2019 ◽  
Vol 15 (3) ◽  
Author(s):  
Abderrahim Chibi ◽  
Sidi Mohamed Chekouri ◽  
Mohamed Benbouziane
Keyword(s):  
Fiscal Policy ◽  
Business Cycle ◽  
Government Spending ◽  
Economic Recession ◽  
Policy Decision ◽  
Vector Autoregressive ◽  
Asymmetric Effects ◽  
The Business Cycle ◽  
The Right ◽  
The Impact

Abstract In this paper, we aim to analyze whether the effect of fiscal policy on economic growth in Algeria differs throughout the business cycle. To tackle this question, we use a Markov Switching Vector Autoregressive (MSVAR) framework. We find evidence of asymmetric effects of fiscal policy through regimes, defined by the state of the business cycle (recession and boom). The results show small positive government spending and revenue multipliers in the short term in both regimes. Most importantly, fiscal policy shocks have a stronger impact in times of economic recession than in times of expansion, which confirm the hypothesis of asymmetric effects. However, the impact of government spending is stronger than the impact of public revenue during recession periods. In addition, fiscal policy decision-makers interact with Anti-Keynesian view (pro-cyclical). Our results imply that there is something to gain by using the "right instrument" at the "right time".

Oil revenue shocks and government spending behavior in Iran

2011 ◽  
Vol 33 (6) ◽  
pp. 1055-1069 ◽  
Author(s):  
Mohammad Reza Farzanegan
Keyword(s):  
Government Spending ◽  
Oil Revenue ◽  
Spending Behavior

The asymmetric effects of oil price on sectoral Islamic stocks: New evidence from quantile-on-quantile regression approach

2020 ◽  
Vol 65 ◽  
pp. 101571 ◽  
Author(s):  
Bisharat Hussain Chang ◽  
Arshian Sharif ◽  
Ameenullah Aman ◽  
Norazah Mohd Suki ◽  
Asma Salman ◽  
...  
Keyword(s):  
Quantile Regression ◽  
Oil Price ◽  
Asymmetric Effects ◽  
Regression Approach ◽  
New Evidence

Political Arithmetic: New Evidence on the ‘Small-State Bias’ in Federal Spending

2011 ◽  
Vol 29 (1) ◽  
pp. 55-75 ◽  
Author(s):  
Michelle B. Matthews ◽  
William F. Shughart ◽  
Taylor P. Stevenson
Keyword(s):  
Panel Data ◽  
Data Model ◽  
Government Spending ◽  
Panel Data Model ◽  
Federal Spending ◽  
Small State ◽  
Federal Funds ◽  
Time Period ◽  
New Evidence ◽  
The U.S

Abstract This paper revisits the literature identifying a small-state bias in federal spending, according to which the distribution of federal funds favors the less populous states because they are ‘overrepresented’ in the U.S. Senate. Estimating a panel data model of die determinants of government spending per million capita across the 50 states over a longer time period [1972- 2000] than studied hitherto, and controlling for heterogeneity in the memberships of the House and Senate by including the tenures of die states’ congressional delegations, we report evidence supporting the existence of a bias toward states that are overrepresented in both chambers. Our key finding, however, is that the small-state bias is sensitive to the time period considered.

Trivariate analysis of oil revenue, government spending and economic growth in Nigeria

2018 ◽  
Vol 42 (2) ◽  
pp. 107-122
Author(s):  
Ismail O. Fasanya ◽  
Abosede E. Ogundare
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Oil Revenue ◽  
Trivariate Analysis

scholarly journals Government expenditure and economic growth in the European Union countries: New evidence

2017 ◽  
Vol 36 (36) ◽  
pp. 127-133 ◽  
Author(s):  
Marta Pascual Sáez ◽  
Santiago Álvarez-García ◽  
Daniela Castañeda Rodríguez
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Government Spending ◽  
Government Expenditure ◽  
The European Union ◽  
The Public ◽  
European Union Countries ◽  
The Impact ◽  
New Evidence ◽  
The Relationship

AbstractThis paper provides new evidence of the impact of government spending on economic growth in the European Union countries. Governments can adjust their levels of spending in order to influence their economies, although the relationship between these variables can be positive or negative, depending on the countries included in the sample, the period of estimation and the variables which reflect the size of the public sector. The results obtained based on regression and panel techniques suggest that government expenditure is not clearly related with economic growth in the European Union countries over the period 1994-2012.

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