印度财政可持续性中的新问题：1979–1980年至2018–2019年中央政府财政研究

IF 0.6 Q4 ECONOMICS South Asian Journal of Macroeconomics and Public Finance Pub Date : 2021-03-11 DOI:10.1177/2277978721989929

A. Rath, A. Sachan

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引用次数: 1

摘要

本文的目的是考察在基于规则的财政政策时代，印度中央政府财政的财政可持续性。本文还采用阈值自回归模型/动量阈值自回归模式分析了非对称预算调整过程和收支关系。文章的研究结果揭示了印度财政可持续性方面正在出现的问题。中央政府的支出占国内生产总值的比例一直在持续下降，几乎没有进一步削减的余地。目前中央政府收入占GDP的比例出现负增长的情况，如果不加以扭转，可能会成为印度政府财政的致命弱点。JEL分类：E62、H600、H500、C32

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Emerging Issues in Fiscal Sustainability in India: A Study of Central Government Finances, 1979–1980 to 2018–2019

The objective of the article is to examine the fiscal sustainability of the Indian central government’s finances in the era of rule-based fiscal policy. Asymmetric budgetary adjustment process and revenue–expenditure nexus are also analysed in this article by employing threshold autoregressive models/momentum threshold autoregressive models. Findings of the article reveal emerging issues in fiscal sustainability in India. The central government’s expenditure as a share of gross domestic product (GDP) has been falling continuously, leaving little room for further pruning. The current scenario of negative growth in central government’s revenue as a share of GDP, if not reversed, can become the Achilles heel of government finances in India. JEL Classification: E62, H600, H500, C32

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来源期刊

South Asian Journal of Macroeconomics and Public Finance ECONOMICS-

CiteScore

2.10

自引率

11.10%

发文量

期刊介绍： The purpose of the Journal is to publish (in English language) peer-reviewed articles, reviews and scholarly comments on issues relating to contemporary global macroeconomics and public finance by which is understood: The Journal is for all professionals concerned with contemporary Macroeconomics and Public Finance and is a forum for all views on related subjects. The Editorial Board welcomes articles of current interest on research and application on the areas mentioned above. The Journal will be international in the sense that it seeks research papers from authors with an international reputation and articles that are of interest to an international audience. In pursuit of the above, the journal shall: a. draw on and include high quality work from the international community of scholars including those in the major countries of Asia, Europe, Asia Pacific, the United States, other parts of the Americas and elsewhere with due representation for considerations of the readership. The Journal shall include work representing the major areas of interest in contemporary research on Macroeconomics and Public Finance and on a wide range of issues covering macro- economics, tax and fiscal issues, banking and finance, international trade, labour economics, computational and mathematical methods, etc. The Journal would particularly engage papers on pure and applied economic theory and econometric methods. b. avoid bias in favour of the interests of particular schools or directions of research or particular political or narrow disciplinary objectives to the exclusion of others. c. ensure that articles are written in a terminology and style which makes them intelligible, not merely within the context of a particular discipline or abstract mode, but across the domain of relevant disciplines.