The effects of fiscal policy shocks in Bangladesh: An agnostic identification procedure

Rahaman, Ataur; Leon-Gonzalez, Roberto

doi:10.1016/j.eap.2021.07.002

Cited by 7 publications

(8 citation statements)

References 28 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Five methods were used to check the robustness of regression results reported in Model (1). Firstly, we excluded the data of six provincial capitals and re-estimated the coefficients of Equation (7). The economic scale of provincial capitals in Central China is so large that the regression results, including the data of provincial capitals, may not reflect the real impacts of changes in the policy environment on green growth within the region.…”

Section: Benchmark Resultsmentioning

confidence: 99%

“…The corresponding regression results are reported in Model (4), showing that the coefficient of POLEN is significantly negative. Fourthly, because fixed-effects regression may have endogenous problems, the total number of industrial enterprises above designated size in the prefecture-level cities was selected as the instrumental variable of policy environment, and the instrumental variable method was adopted to estimate the coefficients of Equation (7). A pleasant policy environment intensifies the attraction of a city to enterprises, under which more large-scale enterprises can be cultivated.…”

Section: Benchmark Resultsmentioning

confidence: 99%

“…The main debate at present on the research of policy environment lies in how to measure policy environment and whether industrial policy is efficient. Since a government's expenditure can reflect a government's investment in public services and infrastructure construction, some studies only use a single government's expenditure to measure whether policy environment for industrial development is pleasant [7]. In these studies, the policy environment in developed regions is much more pleasant than that in developing regions.…”

Section: Research On Policy Environment For Industrial Developmentmentioning

confidence: 99%

“…The results of Model ( 5) and Model (6) show that improving the pleasantness of the policy environment in Central China will have a negative impact on green total factor productivity indirectly through expanding the scale of foreign trade, confirming there is a "pollution refuge" phenomenon in the process of foreign trade within the region. According to the results of Model (7) and Model (8), policy environment in Central China will not have a significant impact on technological innovation, so it will not affect green total factor productivity through this indirect channel. Coefficient of lnCRE in Model (8) is negative, which indicates that enterprises in Central China may pay more attention to technological innovation of improving productivity and has ignored environmental protection objectives to some extent.…”

Section: Mediating Effect Testmentioning

confidence: 99%

See 3 more Smart Citations

Is a Pleasant Policy Environment Conducive to Green Growth of Central China?

Gong

Tong

2022

IJERPH

View full text Add to dashboard Cite

Improving the pleasantness of the policy environment in Central China stimulates economic growth, but it also contains higher risks of pollution. Based on the data of 80 cities in Central China from 2006 to 2018, the entropy method was used to estimate the pleasantness of policy environment in the region. How the policy environment has changed and whether the pleasant policy environment in the region is conducive to green growth were empirically studied. The results show the following: (1) The current attempts to improve the pleasantness of the policy environment in Central China is not conducive to green growth of the region. (2) Improving the pleasantness of the policy environment has indirect negative impacts on green growth through widening the development gap between prefecture-level cities and provincial capitals, as well as encouraging foreign trade; meanwhile, it also has an indirect positive impact through stimulating industrial diversification. The policy environment does not indirectly affect green growth through affecting technological innovation. (3) The policy environment in Central China will have a heterogeneous effect on the green growth of cities from the perspective of spatial heterogeneity and heterogeneity of city characteristics. In this paper, policy implications are proposed.

show abstract

Section: Benchmark Resultsmentioning

confidence: 99%

Section: Benchmark Resultsmentioning

confidence: 99%

Section: Research On Policy Environment For Industrial Developmentmentioning

confidence: 99%

Section: Mediating Effect Testmentioning

confidence: 99%

See 2 more Smart Citations

Is a Pleasant Policy Environment Conducive to Green Growth of Central China?

Gong

Tong

2022

IJERPH

View full text Add to dashboard Cite

show abstract

“…Therefore, it needs sufficient data for a long-time span. In addition, studies related to fiscal policy find it challenging to identify the shock because of its endogeneity (Rahaman & Leon-Gonzalez, 2021).…”

Section: Introductionmentioning

confidence: 99%

Does Fiscal Policy Matter? A Study on Economic Crises in Indonesia

Prasasti,

Ekananda

2023

jejak

View full text Add to dashboard Cite

Fiscal policy is one of the instruments used by the government in dealing with economic crises. The recent COVID-19 pandemic crisis has different characteristics from the previous ones in Indonesia. Hence, the fiscal policy needed is also different. Therefore, this study aims to know the role of fiscal policy shocks in affecting some macroeconomic indicators, including GDP, inflation, and interest rate, in Indonesia and investigate its differences within two periods: Period I (1993Q1-2018Q4), which includes the Asian Financial Crisis and the Global Financial Crisis, and Period II (2019M1-2021M12), which include the COVID-19 Pandemic crisis. This study employs the Structural Vector Autoregression (SVAR) model, using institutional information of the government budget system as restrictions. This study concludes that: 1) shocks in fiscal policies significantly affect GDP in both periods; 2) the dynamic movement of GDP is more influenced by government spending than government revenue; 3) fiscal policy, especially revenue, has greater influences on inflation during the COVID-19 Pandemic; 4) fiscal policy has a minor role in affecting the interest rate.

show abstract

Investment-specific technology shocks and business cycle: evidence from a sign restriction approach

Islam

2024

Ind. Econ. Rev.

View full text Add to dashboard Cite

The effects of fiscal policy shocks in Bangladesh: An agnostic identification procedure

Cited by 7 publications

References 28 publications

Is a Pleasant Policy Environment Conducive to Green Growth of Central China?

Is a Pleasant Policy Environment Conducive to Green Growth of Central China?

Does Fiscal Policy Matter? A Study on Economic Crises in Indonesia

Investment-specific technology shocks and business cycle: evidence from a sign restriction approach

Contact Info

Product

Resources

About