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Modelling the Influences of Economic, Demographic, and Institutional Factors on Fiscal Pressure Using OLS, PCSE, and FD-GMM Approaches

Alina-Cristina Nuță () and Florian-Marcel Nuță ()
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Alina-Cristina Nuță: Finance and Business Administration Department, Danubius University, Galați 800654, Romania
Florian-Marcel Nuță: Finance and Business Administration Department, Danubius University, Galați 800654, Romania

Authors registered in the RePEc Author Service: Florian Marcel Nuta ()

Sustainability, 2020, vol. 12, issue 4, 1-12

Abstract: The purpose of our article is to assess the effect of diverse factors, such as economic, demographic, and institutional factors, on global and social fiscal pressure. The study is based on a panel analysis of 38 states during 2000–2017. We used ordinary least squares (OLS) as a base model for our estimations, and a linear regression with panel-corrected standard errors and a first difference generalized method of moments (GMM) with robust standard errors and orthogonal deviations. The results of our study indicate that the demographic and institutional factors involved in the analysis contribute to the identification of some variables that affect the global or social fiscal pressure.

Keywords: fiscal pressure; government budget; public expenditure; panel data (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
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