Fiscal reform and fiscal sustainability: Evidence from Australia and Sweden

Tomomi Miyazaki

International Review of Economics & Finance, 2014, vol. 33, issue C, 141-151

Abstract: This paper examines how the adoption of a fiscal rule affects the sustainability of fiscal policy in two OECD countries; Australia and Sweden. In Australia, we show that government revenues are not necessarily growing at a faster rate than government expenditures, at least from the viewpoint of a statistical long-run relationship. In contrast, in Sweden, we show that the reform is more beneficial for the attainment of a budget surplus.

Keywords: Fiscal reform; Expenditure ceilings; Dynamic OLS (search for similar items in EconPapers)
JEL-codes: E62 H61 H62 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (14)

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Working Paper: Fiscal Reform and Fiscal Sustainability: Evidence from Australia and Sweden (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:33:y:2014:i:c:p:141-151

DOI: 10.1016/j.iref.2014.04.002

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