Government Fiscal Behavior and Economic Growth in Singapore in the Twentieth Century

Ichiro Sugimoto
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Ichiro Sugimoto: Soka University, Japan

Chapter 5 in Economic Growth of Singapore in the Twentieth Century:Historical GDP Estimates and Empirical Investigations, 2011, pp 237-296 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionLiterature ReviewFeatures of Colonial Government's Finance BehaviorSmall Size of the GovernmentCreation of a Balanced Budget StructureWeakness of the Colonial Government Macroeconomic ManagementPrevious Econometric Test on Government Expenditure and Economic GrowthHistorical Transitions of the Government's Finance Behavior of Singapore in the Twentieth CenturyGovernment RevenueGrowth of Government RevenueChanges in Revenue StructureBritish Colonial Period (1900–39 and 1950–59)Self-Government Period (1959–2000)Government ExpenditureGrowth of Government ExpenditureChanges in the Composition of Government ExpenditureBudget Surplus/Deficit and Financial AssetsSummaryEconometric TestTesting MethodologyDataEmpirical ResultsUnit Root TestCointegration TestsGranger Causality TestsConcluding Remarks

Keywords: Singapore; Economic Growth; Economic History (search for similar items in EconPapers)
Date: 2011
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