Affiliation:
1. World Trade Organization, 154, Rue de Lausanne, Geneva 1211, Switzerland
Abstract
This paper investigates the relationship between trade and fiscal space by examining whether export product concentration matters for fiscal space, in particular the “De Facto Fiscal Space”. The analysis relies on a panel dataset comprising 145 countries, including both developed and developing countries over the period 1984–2010. The empirical results suggest that on average, countries with a high level of export product concentration tend to experience a greater fiscal space. In particular, the impact of export concentration on fiscal space depends on countries’ level of development, and is higher, the lower the countries’ level of development. In addition, the positive impact of export concentration on fiscal space is higher, the higher the countries’ degree of openness to international trade.
Publisher
World Scientific Pub Co Pte Lt
Subject
General Economics, Econometrics and Finance
Reference47 articles.
1. Abbas A. S., Belhocine N., El-Ganainy A., Horton M. [2010] “A Historical Public Debt Database” IMF Working Paper WP/10/245 Washington, DC.
2. Adedeji O., Ahokpossi C., Battiati C., Farid M. [2016] “A Probabilistic Approach to Fiscal Space and Prudent Debt Level: Application to Low-Income Developing Countries” IMF Working Paper, WP/16/163.
3. Trade liberalization, exchange rate changes, and tax revenue in Sub-Saharan Africa
4. Aizenman J., Jinjarak Y. [2010] “De Facto Fiscal Space and Fiscal Stimulus: Definition and Assessment” NBER Working Paper No. 16539 Cambridge, MA.
5. Aizenman J., Jinjarak Y. [2011] “The Fiscal Stimulus of 2009–10: Trade Openness, Fiscal Space and Exchange Rate Adjustment” NBER Working Paper 17427.
Cited by
3 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献