The aim of this study is to assess the relationship between revenue and expenditure in the ASEAN countries. Using annual data for the period between 1980 and 2012 in ten member states, a long-run relationship between government expenditure and revenue emerges, both in ASEAN-6 and ASEAN-10 countries. Granger causality analysis shows mixed results, even though for five AESAN countries the predominance of “tax-and-spend” hypothesis exists, given that government revenue drives the expenditure. More-over, mixture models seem to produce homogeneous groups, considering the socio-economic structure, welfare state, and historical aspects. Finally, convergence measures show interesting results, confirming the sample’s heterogeneity.

Magazzino, C. (2014). The Relationship Between Revenue and Expenditure in the ASEAN Countries. EAST ASIA, 31(3), 203-221.

The Relationship Between Revenue and Expenditure in the ASEAN Countries

MAGAZZINO, COSIMO
2014-01-01

Abstract

The aim of this study is to assess the relationship between revenue and expenditure in the ASEAN countries. Using annual data for the period between 1980 and 2012 in ten member states, a long-run relationship between government expenditure and revenue emerges, both in ASEAN-6 and ASEAN-10 countries. Granger causality analysis shows mixed results, even though for five AESAN countries the predominance of “tax-and-spend” hypothesis exists, given that government revenue drives the expenditure. More-over, mixture models seem to produce homogeneous groups, considering the socio-economic structure, welfare state, and historical aspects. Finally, convergence measures show interesting results, confirming the sample’s heterogeneity.
Magazzino, C. (2014). The Relationship Between Revenue and Expenditure in the ASEAN Countries. EAST ASIA, 31(3), 203-221.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/135971
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