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Fiscal Impacts on Output in a Small Open Economy: The Case of Albania

Fiscal Impacts on Output in a Small Open Economy: The Case of Albania Abstract The paper is intended to study the effects of total government spending and tax revenue on the annual GDP growth rate in Albania. On this base, we can examine whether and to which extent the macroeconomic governance could rely on those fiscal instruments in terms of a small open economy. The empirical methodology is based on regression analysis which includes OLS estimation on simply specified regression model and Vector Autoregressive estimates. The results support the assumptions that government expenditure is a weak instrument for policy impacts and the government must rely on taxation to stimulate economic growth. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Scientific Annals of Economics and Business de Gruyter

Fiscal Impacts on Output in a Small Open Economy: The Case of Albania

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Publisher
de Gruyter
Copyright
Copyright © 2016 by the
ISSN
2501-3165
eISSN
2501-3165
DOI
10.1515/saeb-2016-0113
Publisher site
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Abstract

Abstract The paper is intended to study the effects of total government spending and tax revenue on the annual GDP growth rate in Albania. On this base, we can examine whether and to which extent the macroeconomic governance could rely on those fiscal instruments in terms of a small open economy. The empirical methodology is based on regression analysis which includes OLS estimation on simply specified regression model and Vector Autoregressive estimates. The results support the assumptions that government expenditure is a weak instrument for policy impacts and the government must rely on taxation to stimulate economic growth.

Journal

Scientific Annals of Economics and Business – de Gruyter

Published: Jun 1, 2016

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    Kneller
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    Myles
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    Gray
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    Albania
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    Muir
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    Ramanathan
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    Muir
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    Durmishi
  • The Macroeconomic Effects of Tax Changes : Estimates Based on a New Measure of Fiscal Shocks http dx org
    Romer
  • How Big Are Fiscal Multipliers Working Paper International Monetary Fund
    Ilzetzki
  • An Empirical Evidence for the Impact of Taxation on Economy Growth in the European Union Tourism and management studies
    Stoilova