No abstract

The difference between the working hours of natives and immigrants has begun to attract a great deal of attention in U.S. migration research, but this phenomenon has yet to be studied in a European context. In this article, we examine this difference in working hours for 13 European countries

This paper examines the relationship between the central government spending (excluding interest payments) and revenue by means of Nonlinear Bounds Testing approach for 1998:Q1-2016:Q4 period. This approach enables us to make a distinction between the positive and negative shocks. Our empirical findings indicate that a positive change in the government spending has a positive impact on the revenue while the positive (negative) changes in the revenue lead to an increase (decrease) in the government spending in the long run. This supports the presence of fiscal synchronization hypothesis in Turkey. Moreover, it seems that there exists an asymmetric effect of changes in the revenue on the government spending in the long run.

Bu çalışmada para politikası ve Döviz Piyasası Baskısı arasındaki ilişki incelenmektedir. Ulusal ve uluslararası faiz oranları arasındaki fark ve yurt içi kredi büyümesi gibi para politikası argümanlarının Döviz Piyasası Baskısı'nı sönümlendirme etkisi 2001:12-2018:12 dönemi için, BRICS (Çin hariç Türkiye dâhil) ülkeleri ve seçili Doğu Avrupa ülkelerinde VAR yöntemiyle analiz edilmektedir. Sonuçlar para politikası argümanlarının BRICS ülkelerinde, Doğu Avrupa ülkelerine nispetle daha fazla etkili olduğuna işaret etmektedir. Döviz Piyasası Baskısına gelen şok karşısında iki ülke grubunun faiz oranları farkı açısından tepkileri ayrışırken, yurt içi kredi büyümesi tepkilerinin büyük oranda benzeştiği görülmektedir.

This paper investigates the government spending-revenue nexus for Croatia, Czechia, Hungary, Poland, Romania and Slovenia by using quarterly data and a nonlinear autoregressive distributed lag (NARDL) approach to cointegration. Our empirical findings support the fiscal synchronization for Slovenia, spend-tax for Czechia, tax-spend for Croatia and Hungary, and institutional separation or fiscal neutrality for Romania and Poland in the long run. Moreover, we find an asymmetric effect for Croatia, Czechia, Hungary and Poland in the long run and for all the countries in the short run. Therefore, our results clearly highlight the importance of asymmetric effects in government spending-revenue nexus. Our findings have some policy implications for these countries, such as providing a better coordination of government spending and revenue decisions and paying attention to the asymmetries.