文章基本信息

标题：What Lies Behind Fiscal Deficit: A Case of Pakistan
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作者：Rukhsana KALIM ; Muhammad Shahid HASSAN
期刊名称：Transylvanian Review of Administrative Sciences
印刷版ISSN：1842-2845
出版年度：2013
期号：40
出版社：Babes Bolyai University
摘要：The article aims to investigate some of the important factors contributing to the fiscal deficit in Pakistan for the period of 1976 to 2010. In-ternational trade, economic growth, total debt servicing and broad money supply are consid-ered as foremost factors affecting fiscal deficit in Pakistan. The empirical findings reveal that only economic growth has an insignificant impact on fiscal deficit in the long run but has significant impact in the short run. Whereas, all other fac-tors such as international trade, total debt servic-ing and broad money supply affect fiscal deficit significantly in both short run as well as in the long run.Moreover, it is found that there exists univari-ate Granger causality which runs from economic growth to fiscal deficit, from total debt servicing to fiscal deficit, and there exists bivariate causal-ity between money supply and fiscal deficit in the short run. Also, in the long run all the factors Granger cause to fiscal deficit. The study has also found the existence of joint causality among fiscal deficit, trade, economic growth, total debt servicing and money supply
关键词：Pakistan; fiscal deficit; economic ;growth; total debt servicing; international trade ;broad money supply