Assessing fiscal sustainability in Egypt: a comparative study
Purpose – This paper aims to assess the fiscal sustainability in Egypt during the period 1990–2018 using deficit accounts (DA) approach. It also tries to investigate the possibility of applying generational accounts (GA) in Egypt as a new approach to assess fiscal sustainability. Design/methodology/...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2021-12-01
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| Series: | Review of Economics and Political Science |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/REPS-02-2020-0020/full/pdf?title=assessing-fiscal-sustainability-in-egypt-a-comparative-study |
| _version_ | 1798019611680047104 |
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| author | Ola Al Sayed Ashraf Samir Heba Hesham Anwar |
| author_facet | Ola Al Sayed Ashraf Samir Heba Hesham Anwar |
| author_sort | Ola Al Sayed |
| collection | DOAJ |
| description | Purpose – This paper aims to assess the fiscal sustainability in Egypt during the period 1990–2018 using deficit accounts (DA) approach. It also tries to investigate the possibility of applying generational accounts (GA) in Egypt as a new approach to assess fiscal sustainability. Design/methodology/approach – This paper tries to assess fiscal sustainability in Egypt during 1990–2018 using DA and GA approaches. DA approach includes primary deficit indicator, tax gap indicator, augmented Dickey-Fuller stationarity test for debt/GDP ratio and Johansen co-integration test between government revenues and expenditures. However, concerning the possibility of applying GA in Egypt, field study form was designed including specific questions to academic and executive economic experts to investigate if it is possible to apply GA in Egypt. Findings – The empirical findings of the field study indicate that Egypt witnessed fiscal sustainability during the period 1990–2018 using DA. On the other hand, there are various obstacles, including administrative, technical, legal and political obstacles which hinder Egypt from applying GA to assess fiscal sustainability. Originality/value – To the best of the authors' knowledge, this paper assesses fiscal sustainability in Egypt using DA for a longer and updated time series within 1990–2018. In addition, it is the first paper to examine the possibility of assessing fiscal sustainability using GA approach in Egypt. |
| first_indexed | 2024-04-11T16:43:30Z |
| format | Article |
| id | doaj.art-31f88eeff81e4535b4a1c0090156efd0 |
| institution | Directory Open Access Journal |
| issn | 2631-3561 |
| language | English |
| last_indexed | 2024-04-11T16:43:30Z |
| publishDate | 2021-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Review of Economics and Political Science |
| spelling | doaj.art-31f88eeff81e4535b4a1c0090156efd02022-12-22T04:13:37ZengEmerald PublishingReview of Economics and Political Science2631-35612021-12-016429231010.1108/REPS-02-2020-0020670390Assessing fiscal sustainability in Egypt: a comparative studyOla Al Sayed0Ashraf Samir1Heba Hesham Anwar2Department of Economics, Faculty of Economics and Political Science, Cairo University, Giza, EgyptDepartment of Economics, Faculty of Economics and Political Science, Cairo University, Giza, EgyptMacroeconomic Policies Center, Institute of National Planning, Cairo, EgyptPurpose – This paper aims to assess the fiscal sustainability in Egypt during the period 1990–2018 using deficit accounts (DA) approach. It also tries to investigate the possibility of applying generational accounts (GA) in Egypt as a new approach to assess fiscal sustainability. Design/methodology/approach – This paper tries to assess fiscal sustainability in Egypt during 1990–2018 using DA and GA approaches. DA approach includes primary deficit indicator, tax gap indicator, augmented Dickey-Fuller stationarity test for debt/GDP ratio and Johansen co-integration test between government revenues and expenditures. However, concerning the possibility of applying GA in Egypt, field study form was designed including specific questions to academic and executive economic experts to investigate if it is possible to apply GA in Egypt. Findings – The empirical findings of the field study indicate that Egypt witnessed fiscal sustainability during the period 1990–2018 using DA. On the other hand, there are various obstacles, including administrative, technical, legal and political obstacles which hinder Egypt from applying GA to assess fiscal sustainability. Originality/value – To the best of the authors' knowledge, this paper assesses fiscal sustainability in Egypt using DA for a longer and updated time series within 1990–2018. In addition, it is the first paper to examine the possibility of assessing fiscal sustainability using GA approach in Egypt.https://www.emerald.com/insight/content/doi/10.1108/REPS-02-2020-0020/full/pdf?title=assessing-fiscal-sustainability-in-egypt-a-comparative-studyadf testco-integration testdeficit accountsegyptfiscal sustainabilitygenerational accountsnet tax burdenprimary deficittax gapc83d63d64e62h20h61h62 |
| spellingShingle | Ola Al Sayed Ashraf Samir Heba Hesham Anwar Assessing fiscal sustainability in Egypt: a comparative study Review of Economics and Political Science adf test co-integration test deficit accounts egypt fiscal sustainability generational accounts net tax burden primary deficit tax gap c83 d63 d64 e62 h20 h61 h62 |
| title | Assessing fiscal sustainability in Egypt: a comparative study |
| title_full | Assessing fiscal sustainability in Egypt: a comparative study |
| title_fullStr | Assessing fiscal sustainability in Egypt: a comparative study |
| title_full_unstemmed | Assessing fiscal sustainability in Egypt: a comparative study |
| title_short | Assessing fiscal sustainability in Egypt: a comparative study |
| title_sort | assessing fiscal sustainability in egypt a comparative study |
| topic | adf test co-integration test deficit accounts egypt fiscal sustainability generational accounts net tax burden primary deficit tax gap c83 d63 d64 e62 h20 h61 h62 |
| url | https://www.emerald.com/insight/content/doi/10.1108/REPS-02-2020-0020/full/pdf?title=assessing-fiscal-sustainability-in-egypt-a-comparative-study |
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