Dynamics of Government revenues and expenditures in industrial economies

David Joulfaian, Rajen Mookerjee

Research output: Contribution to journalArticle

22 Citations (Scopus)

Abstract

The sources of growth in government revenues and expenditures in 22 OECD countries is addressed. The question of whether the revenue constraint is binding on the growth of government expenditures, or whether the 'displacement' effect of expenditure growth is binding is considered. Controls for the effects of the output gap and inflation rate on government revenues and expenditures in each of the 22 countries are presented. A major conclusion is that reductions in spending are essential to reducing budget deficits and controlling government size.

Original languageEnglish (US)
Pages (from-to)1839-1844
Number of pages6
JournalApplied Economics
Volume23
Issue number12
DOIs
StatePublished - Jan 1 1991

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Government expenditure
Government revenue
Government size
Inflation rate
OECD countries
Output gap
Revenue
Expenditure
Budget deficits

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

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Dynamics of Government revenues and expenditures in industrial economies. / Joulfaian, David; Mookerjee, Rajen.

In: Applied Economics, Vol. 23, No. 12, 01.01.1991, p. 1839-1844.

Research output: Contribution to journalArticle

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