2019-04: Revenue Based Fiscal Consolidation and Economic Growth in Sri Lanka (Working paper)
View/ Open
Author(s)
Kumarasiri, Kasun
Weerasekara, Ruchira L.
Ranaweera, Chaturika
Liyanaarachchi, Tilak
Griffith University Author(s)
Year published
2019
Metadata
Show full item recordAbstract
In recent years, a large body of empirical literature has explored the influence of fiscal consolidation on the economic growth of nations. In this paper we attempt to explore the growth implications of revenue based fiscal consolidation measures - an area that has been rarely addressed in literature. More specifically, we intend to assess economic growth in response to revenue based fiscal measures (such as taxes, non-tax revenues and grants) and foreign financing of deficits within the context of a medium income country, Sri Lanka. Our results suggest that all revenue based measures and foreign financing have an expansionary ...
View more >In recent years, a large body of empirical literature has explored the influence of fiscal consolidation on the economic growth of nations. In this paper we attempt to explore the growth implications of revenue based fiscal consolidation measures - an area that has been rarely addressed in literature. More specifically, we intend to assess economic growth in response to revenue based fiscal measures (such as taxes, non-tax revenues and grants) and foreign financing of deficits within the context of a medium income country, Sri Lanka. Our results suggest that all revenue based measures and foreign financing have an expansionary effect on economic growth.
View less >
View more >In recent years, a large body of empirical literature has explored the influence of fiscal consolidation on the economic growth of nations. In this paper we attempt to explore the growth implications of revenue based fiscal consolidation measures - an area that has been rarely addressed in literature. More specifically, we intend to assess economic growth in response to revenue based fiscal measures (such as taxes, non-tax revenues and grants) and foreign financing of deficits within the context of a medium income country, Sri Lanka. Our results suggest that all revenue based measures and foreign financing have an expansionary effect on economic growth.
View less >
Copyright Statement
Copyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
Note
Economics and Business Statistics
Subject
Applied Economics
E62 - Fiscal Policy
O40 - Economic Growth and Aggregate Productivity: General
C54 - Quantitative Policy Modeling
Fiscal policy
Economic growth
Revenue based fiscal measures