The tax-spend debate: the case of Canada

References

• Anderson , W. , Wallace , M. S. and Warner , J. T. 1986 . Government spending and taxation: what causes what? . Southern Economic Journal , January : 630 – 639 .
   Web of Science ®Google Scholar
• Baghestani , H. and McNown , R. 1994 . Do revenues or expenditures respond to budgetary disequilibria? . Southern Economic Journal , October : 311 – 322 .
   Google Scholar
• Barro , R. J. 1974 . Are government bonds net wealth? . Journal of Political Economy , November/December : 1095 – 1118 .
   Web of Science ®Google Scholar
• Blackley , P. R. 1986 . Causality between revenues and expenditures and the size of the federal budgets . Public Finance Quarterly , 14 ( 2 ) : 139 – 156 .
   Google Scholar
• Blackley , P. R. 1990 . Asymmetric causality between federal spending and tax changes: avoiding a fiscal loss . Public Choice , 66 : 1 – 13 .
   Google Scholar
• Bohn , H. 1991 . Budget balance through revenue or spending adjustments? Some historical evidence for the United States . Journal of Monetary Economics , 27 : 333 – 359 .
   Web of Science ®Google Scholar
• Buchanan , J. and Wagner , R. 1977 . Democracy in Deficit , New York : Academic Press .
   Google Scholar
• Chowdhury , A. R. 1988 . Expenditures and receipts in state and local government finances: comment . Public Choice , 59 : 277 – 285 .
   Google Scholar
• Dickey , D. A. and Fuller , W. A. 1979 . Distribution of estimates for autoregressive time series with unit roots . Journal of the American Statistical Association , 74 : 427 – 431 .
   Web of Science ®Google Scholar
• Enders , W. 1995 . Applied Econometric Time Series , New York : John Wiley and Sons, Inc .
   Google Scholar
• Engle , R. F. 1982 . Autoregressive conditional heteroskedasticity with estimates of the variance of United Kingdom inflation . Econometrica , July : 987 – 1007 .
   Web of Science ®Google Scholar
• Engle , R. F. and Granger , C. W. J. 1987 . Co-integration and error correction: representation, estimation, and testing . Econometrica , March : 251 – 276 .
   Web of Science ®Google Scholar
• Engle , R. F. and Yoo , B. S. 1987 . Forecasting and testing in cointegrated systems' . Journal of Econometrics , 35 : 143 – 159 .
   Web of Science ®Google Scholar
• Friedman , M. 1978 . The limitations of tax limitation . Policy Review , Summer : 7 – 14 .
   Google Scholar
• Fuller , W. A. 1976 . Introduction to Statistical Time Series , New York : Wiley .
   Google Scholar
• Granger , C. W. J. 1986 . Developments in the study of cointegrated economic variables . Oxford Bulletin of Economics and Statistics , August : 213 – 228 .
   Web of Science ®Google Scholar
• Hakkio , C. S. and Rush , M. 1991 . Is the budget deficit too large? . Economic Inquiry , 29 : 429 – 445 .
   Web of Science ®Google Scholar
• Hamilton , J. and Flavin , M. 1986 . On the limitations of government borrowing: a framework for empirical testing . American Economic Review , 76 : 808 – 819 .
   Web of Science ®Google Scholar
• Haug , A. A. 1991 . Cointegration and government borrowing constraints: evidence for the United States . Journal of Business and Economic Statistics , 9 ( 1 ) : 197-101
   Web of Science ®Google Scholar
• Haug , A. A. 1995 . Has federal budget deficit policy changed in recent years . Economic Inquiry , 33 : 104 – 118 .
   Web of Science ®Google Scholar
• Hoover , K. D. and Sheffrin , S. M. 1992 . Causation, spending, and taxes: sand in the sandbox or the tax collector for the welfare state . American Economic Review , 82 ( 1 ) : 225 – 248 .
   Web of Science ®Google Scholar
• Johansen , S. 1988 . Statistical analysis of cointegration vectors . Journal of Economic Dynamics and Control , June : 231 – 254 .
   Web of Science ®Google Scholar
• Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on cointegration: with applications to the demand for money . Oxford Bulletin of Economics and Statistics , May : 169 – 210 .
   Google Scholar
• Jones , J. D. and Joulfaian , D. l991 . Federal government expenditures and revenues in the early years of the American Republic: evidence from 1792–1860 . Journal of Macroeconomics , 13 ( 1 ) : 133 – 155 .
   Web of Science ®Google Scholar
• Joulfaian , D. and Mookerjee , R. 1990 . The government revenue expenditure nexus: evidence from a State . Public Finance Quarterly , 18 ( 1 ) : 92 – 103 .
   Google Scholar
• Kremers , J. M. J. 1988 . Long run limits on the US federal debt . Economic Letters , 28 : 259 – 262 .
   Web of Science ®Google Scholar
• Kremers , J. M. J. 1989 . US federal indebtedness and the conduct of fiscal policy' . Journal of Monetary Economics , 23 : 219 – 238 .
   Web of Science ®Google Scholar
• MacKinnon , J. G. 1991 . “ Critical values for cointegration tests ” . In Long-Run Economic Relationships , Edited by: Engle , R. F. and Granger , C. W. J. 267 – 276 . Oxford : Oxford University Press) .
   Google Scholar
• Manage , N. and Marlow , M. L. 1986 . The causal relation between federal expenditures and receipts . Southern Economic Journal , January : 617 – 629 .
   Web of Science ®Google Scholar
• Marlow , M. L. and Manage , N. Expenditures and receipts: testing for causality in state and local government finance . Public choice , 53 1987 243 – 255 .
   Google Scholar
• Marlow , M. L. and Manage , N. 1988 . Expenditures and receipts in state and local government finances: reply . Public Choice , 59 : 287 – 290 .
   Google Scholar
• Martin , P. 1996 . The Canadian experience in reducing budget deficits and debts . Economic Review, Federal Reserve Bank of Kansas City , 81 ( 1 ) : 11 – 26 .
   Google Scholar
• Meltzer , A. and Richard , S. 1981 . A rational theory of the size of governments . Journal of Political Economy , 89 : 914 – 927 .
   Web of Science ®Google Scholar
• Miller , S. M. and Russek , F. S. 1989 . Co-integration and error correction models: the temporal causality between government and taxes . Southern Economic Journal , : 221 – 229 .
   Google Scholar
• Musgrave , R. 1966 . “ Principles of budget determination ” . In Public Finance Selected Reading , Edited by: Cameron , H. and Henderson , W. New York : Random House .
   Google Scholar
• Owoye , O. 1995 . The causal relationship between taxes and expenditures in the G-7 countries: cointegration and error-correction models . Applied Economics Letters , 2 : 19 – 22 .
   Web of Science ®Google Scholar
• Payne , J. E. 1996 . The tax-spend debate: time series evidence from state budgets , Public Choice . forthcoming
   Google Scholar
• Peacock , A. and Wiseman , J. 1979 . Approaches to the analysis of government expenditures growth . Public Finance Quarterly , January : 3 – 23 .
   Google Scholar
• Provopoulos , G. and Zambaras , A. 1991 . Testing for causality between government spending and taxation . Public Choice , 68 : 277 – 282 .
   Web of Science ®Google Scholar
• Ram , R. 1988 . Additional evidence on causality between government revenues and government expenditures . Southern Economic Journal , January : 763 – 769 .
   Google Scholar
• Ross , K. L. and Payne , J. E. 1996 . Budgetary disequilibria: additional econometric evidenced working paper
   Google Scholar
• Smith , G. W. and Zin , S. 1991 . Persistent deficits and the market value of government debts . Journal of Applied Econometrics , 6 : 31 – 44 .
   Web of Science ®Google Scholar
• Stock , J. H. and Watson , M. W. 1987 . Testing for common trends . Journal of the American Statistical Association , 83 : 1097 – 1107 .
   Web of Science ®Google Scholar
• Trehan , B. and Walsh , C. E. 1988 . Common trends, the government's budget constraint, and revenue smoothing . Journal of Economic Dynamics and Control , 12 : 425 – 444 .
   Web of Science ®Google Scholar
• Von Furstenberg , G. M. , Green , R. J. and Jeong , J. 1986 . Tax and spend, or spend and tax? . Review of Economics and Statistics , May : 179 – 188 .
   Web of Science ®Google Scholar
• Wilcox , D. 1989 . The sustainability of government deficits: implications of the present value borrowing constraint . Journal of Money, Credit, and Banking , 21 : 291 – 306 .
   Web of Science ®Google Scholar