000			01643nam a2200217 4500
999			_c53219 _d53219
003			OSt
005			20191213150759.0
008			191213b ||||| |||| 00| 0 eng d
100			_aRaza, Syed Ali _932948
245			_aAsymmetric Relationship Between Government Revenues and Expenditures in a Developing Economy: Evidence from a Non-linear Model
300			_a1179-1196 p.
520			_aUnderstanding the revenue–expenditure nexus is the core essence of this research in the Pakistani context. This research examines the non-linear relationship between government revenues and government expenditures during 1972–2014. The recently developed non-linear co-integration technique has been used along with the symmetry test. The result shows that the revenues and expenditures have co-integration and provide the evidence in favour of fiscal synchronization hypothesis in the budgetary process. Moreover, the finding also reveals that the relationship between these two fiscal elements is asymmetric and negative changes in revenues and expenditures have a greater impact than the positive ones. Furthermore, another important aspect that was revealed during the study was that the negative shocks in the revenues will lead towards the drastically large increase in the expenditure.
653			_aNARDL
653			_aco-integration
653			_afiscal synchronization
653			_abudget deficit
700			_aHassan, Syed Zaki _935362
700			_aSharif, Arshian _931293
773	0		_029349 _977622 _aBANIK, ARINDAM _dNEW DELHI SAGE PUBLISHING PVT. LTD. _o55511230 _tGLOBAL BUSINESS REVIEW _x0972-1509
942			_2ddc _cJA-ARTICLE