The Calculation of Structural Budget Balance : Case of Morocco
In this paper, we present the concept of the structural budget balance and its empirical application on the Moroccan data. For this, we choose the two-step method. In the first step, we estimate the potential production according to Hodrick-Prescott's method, obtaining the output gap value. Thi...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2013-12-01
|
| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/31960/351968?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797913100764053504 |
|---|---|
| author | Abdelmonaim Tlidi |
| author_facet | Abdelmonaim Tlidi |
| author_sort | Abdelmonaim Tlidi |
| collection | DOAJ |
| description | In this paper, we present the concept of the structural budget balance and its empirical application on the Moroccan data. For this, we choose the two-step method. In the first step, we estimate the potential production according to Hodrick-Prescott's method, obtaining the output gap value. This allows us to identify the business cycles of the Moroccan economy during the period 1980-2011. In the second step, we evaluate the sensitivity of the fiscal revenue and the public expenditure to economic activity. The obtained results show that the sensitivity of the fiscal revenue and the public expenditure are very low. We deduce that the budget balance in Moroccan economy is mainly structural and less sensitive to the business cycle. |
| first_indexed | 2024-04-10T12:06:30Z |
| format | Article |
| id | doaj.art-050b0d0f20264bfd8f66e858f80f60c4 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T12:06:30Z |
| publishDate | 2013-12-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-050b0d0f20264bfd8f66e858f80f60c42023-02-15T16:16:12ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382013-12-01349329371032The Calculation of Structural Budget Balance : Case of MoroccoAbdelmonaim TlidiIn this paper, we present the concept of the structural budget balance and its empirical application on the Moroccan data. For this, we choose the two-step method. In the first step, we estimate the potential production according to Hodrick-Prescott's method, obtaining the output gap value. This allows us to identify the business cycles of the Moroccan economy during the period 1980-2011. In the second step, we evaluate the sensitivity of the fiscal revenue and the public expenditure to economic activity. The obtained results show that the sensitivity of the fiscal revenue and the public expenditure are very low. We deduce that the budget balance in Moroccan economy is mainly structural and less sensitive to the business cycle.https://dergipark.org.tr/tr/pub/ijefi/issue/31960/351968?publisher=http-www-cag-edu-tr-ilhan-ozturkbudget balance structural budget balance hodrick-prescott method potential production |
| spellingShingle | Abdelmonaim Tlidi The Calculation of Structural Budget Balance : Case of Morocco International Journal of Economics and Financial Issues budget balance structural budget balance hodrick-prescott method potential production |
| title | The Calculation of Structural Budget Balance : Case of Morocco |
| title_full | The Calculation of Structural Budget Balance : Case of Morocco |
| title_fullStr | The Calculation of Structural Budget Balance : Case of Morocco |
| title_full_unstemmed | The Calculation of Structural Budget Balance : Case of Morocco |
| title_short | The Calculation of Structural Budget Balance : Case of Morocco |
| title_sort | calculation of structural budget balance case of morocco |
| topic | budget balance structural budget balance hodrick-prescott method potential production |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/31960/351968?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| work_keys_str_mv | AT abdelmonaimtlidi thecalculationofstructuralbudgetbalancecaseofmorocco AT abdelmonaimtlidi calculationofstructuralbudgetbalancecaseofmorocco |