THE FISCAL REVENUES AND PUBLIC EXPENDITURES: IS THEIR EVOLUTION SUSTENABLE? THE ROMANIAN CASE

Bogdan Dima, Oana Lobonţ and Cristina Nicolescu

Annales Universitatis Apulensis Series Oeconomica, 2009, vol. 1, issue 11, 42

Abstract: Depending on the specific stage of economic cycle, different types of fiscal policies, expansionist (incentive) or restrictive (prohibition), are use in specific state of the economy, for a certain period of time. Thus, in times of recession, the state use of tax incentive measures and in times of economic boom are applied, in particular, prohibitive taxation policies in order to avoid, where possible, the large economic shocks. Starting from the idea that taxation, as any other financial leverage, is displayed while operated in influencing capacity and rebalancing the economic situation in growth, we believe, that the adjustments made by fiscal policy, it should be comprehensive, immediate and lasting, therefore, this paper is focused on aspects regarding fiscal policy sustainability in Romania. The objective is to provide some empirical evidencies of sustainability of fiscal revenues and expenditure flows. The main output consist in this thesis that some support could be found for the sustainability.

Keywords: fiscal policy; sustainability; cointegration tests; budget revenues and expenditures (search for similar items in EconPapers)
JEL-codes: C22 C32 H20 H63 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://oeconomica.uab.ro/upload/lucrari/1120091/42.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alu:journl:v:1:y:2009:i:11:p:42

Access Statistics for this article

More articles in Annales Universitatis Apulensis Series Oeconomica from Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia
Bibliographic data for series maintained by Dan-Constantin Danuletiu ().