文章基本信息

标题：ANALYZING CAUSALITY BETWEEN ROMANIA’S PUBLIC BUDGET EXPENDITURES AND REVENUES
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作者：Stoian, Andreea
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2008
卷号：11(528)(supplement)
期号：11(528)(supplement)
页码：60-64
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：Establishing the relationship between public revenues and expenditures represents a debated issue among economists. The correlation between the two variables is significant for identifying and explaining public budget inbalance and for assessing sustainability of fiscal and budgetary policies. The aim of this study is to analyze the causality between budgetary revenues and expenditures on Romania’s case. Applying Granger causality tests reveals the fact that the dynamic of budgetary expenditures is caused by budgetary revenues, which, also, implies the existence of error correction mechanisms for fiscal imbalances.
关键词：fiscal synchronization hypothesis; budgteray revenues; budgteray expenditures; causality test; cointegration.