Sound fiscal policy is very important to promote price stability and sustainable growth in real economy. Thus, understanding the relationship between government spending and revenue is also essential to evaluate how to address fiscal imbalances. So, the focus of this research is to investigate the relationship between government revenue and spending in Kyrgyzstan for 1995-2014 period. For this purpose we have used an ARDL and VAR approaches. Findings support “the tax- spend hypothesis” for fiscal discipline in Kyrgyzstan. In other words, according to the results, increase in real government revenue results in even higher public expenditure.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Ulusal
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