NDLI: The Dynamic Effects of Fiscal Shocks in China

Content Provider	IEEE Xplore Digital Library
Author	Gao Quansheng Hu Shengjie
Copyright Year	2010
Abstract	In this paper, we analyze the dynamic effects of fiscal shocks in China between 1990 and 2008. We adopt a Bayesian vector auto-regression framework. The main findings are as follows. First, government expenditure expansionary shocks are found to have positive effects on output. These effects become substantially weaker in the last 10 years. Second, the crowding out effects of government expenditure on consumption are found in the long-term other than in the short-term. Although the effects of government spending on prices are usually small and not always significant, they are positive. Third, tax revenues have negative effects on output, consumption, export and prices. The application of these results to the analysis of fiscal policy points to the conclusion that automatic stabilizers should play a more important role in China because the effect of an increase in spending or a cut in taxes would be multiplied by stimulating additional demand for consumption goods.
Starting Page	4803
Ending Page	4806
File Size	370375
Page Count	4
File Format	PDF
e-ISBN	9781424466474
DOI	10.1109/ICEE.2010.1207
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-05-07
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Fiscal shocks Economic indicators Electric shock Dynamic effects Government Iron Book reviews BVAR Public finance
Content Type	Text
Resource Type	Article

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