Fiscal Responsiveness, Persistence and Discretion: A Case Study of Pakistan

Ammad Syed (), Sabihuddin Butt and Shaista Alam
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Sabihuddin Butt: Applied Economics Research Centre, University of Karachi

Romanian Economic Journal, 2012, vol. 15, issue 45, 227-244

Abstract: The main objective of this study is to analyses the fiscal policy conditions in Pakistan; in case of output change ( fiscal responsiveness), effect of last year policy on this year( fiscal persistence) and finally fiscal discretion, through a 2SLS method the study period consist of 1972 to 2010. The main finding of the study is government expenditures are more responsive in case Pakistan which is the main cause of this fiscal imbalances and also indicating an unstable fiscal stance.

Keywords: Efficiency; Optimal Taxation, National Government Expenditures and Related Policies, Pakistan, Fiscal Policy (search for similar items in EconPapers)
JEL-codes: H21 H5 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:15:y:2012:i:45:p:227-244

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