Angulo-Rodriguez, Hector E. and Castillo-Duran, Magda A. and Garza-Rodriguez, Jorge and Gonzalez-Hernandez, Monica and Puente-Ortiz, Ricardo (2011): The Effectiveness of Fiscal Policy in Mexico. Published in: The Empirical Economics Letters , Vol. 6, No. 10 (June 2011): pp. 597-602.
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Abstract
Using a VAR model with quarterly information for the 1980 to 2008 period, this paper studies the dynamic effects of fiscal policy on Gross Domestic Product in the Mexican economy. We find evidence of non–Keynesian effects of government expenditure on GDP in the short run. Also, we find evidence that government revenue has a significant impact on GDP only in the fourth quarter.
Item Type: | MPRA Paper |
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Original Title: | The Effectiveness of Fiscal Policy in Mexico |
Language: | English |
Keywords: | Non-Keynesian effects; fiscal policy; fiscal consolidations; Mexico |
Subjects: | E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy ; Stabilization ; Treasury Policy E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E65 - Studies of Particular Policy Episodes |
Item ID: | 38717 |
Depositing User: | Jorge Garza-Rodriguez |
Date Deposited: | 09 Aug 2015 05:12 |
Last Modified: | 26 Sep 2019 17:39 |
References: | Alesina, A. and S. Ardagna, 1998, Tales of Fiscal Adjustment, Economic Policy, 13, 27, 487-545. Antón, A., 2005, Fiscal Reform, Long-Run Growth and Welfare in a Monetary Model: The Case of Mexico, Estudios Económicos, 20 (002), 143-172. Bose, N., E. Haque and D. Osborn, 2007, Public Expenditure and Economic Growth: A Disaggregated Analysis for Developing Countries, The Manchester School, 75 (5), 533– 556. Caldara, D. and C. Kamps, 2008, What are the Effects of Fiscal Policy Shocks? A VARbased Comparative Analysis, European Central Bank, Working Paper Series No. 877. Cerda, R., H.González and L. Lagos, 2006, Is Fiscal Policy Effective? Evidence for an Emerging Economy: Chile 1833–2000, Applied Economics Letters, 13, 575–580. Cuevas, V., 2009, The Short Term Effects of Fiscal Policy in Mexico: An Empirical Study, Estudios Económicos, 24(1), 109-144. De Castro, F., 2006, The Macroeconomic Effects of Fiscal Policy in Spain, Applied Economics (38), 913–924. Lucke, B., 1999, Expansionary Fiscal Contractions and Equilibrium Indeterminacy: A Case Study for Germany, Applied Economics, 31(6), 697-708. Neicheva, M., 2006, Non-Keynesian Effects of Government Expenditure on Output in Bulgaria: An HP Filter Approach, Post-Communist Economies, 18(1), 1-12. Prammer, D., 2004, Expansionary Fiscal Consolidations? An Appraisal of the Literature on Non-Keynesian Effects of Fiscal Policy and a Case Study for Austria, Monetary Policy & the Economy , 3, 34-52, October. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/38717 |