Modelling the Influences of Economic, Demographic, and Institutional Factors on Fiscal Pressure Using OLS, PCSE, and FD-GMM Approaches
SUSTAINABILITY, vol.12, no.4, 2020 (SCI-Expanded, SSCI, Scopus)
- Publication Type: Article / Article
- Volume: 12 Issue: 4
- Publication Date: 2020
- Doi Number: 10.3390/su12041681
- Journal Name: SUSTAINABILITY
- Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, Aerospace Database, Agricultural & Environmental Science Database, CAB Abstracts, Communication Abstracts, Geobase, INSPEC, Metadex, Veterinary Science Database, Directory of Open Access Journals, Civil Engineering Abstracts
- Keywords: fiscal pressure, government budget, public expenditure, panel data
- Open Archive Collection: Article
- Azerbaijan State University of Economics (UNEC) Affiliated: No
Abstract
The purpose of our article is to assess the effect of diverse factors, such as economic, demographic, and institutional factors, on global and social fiscal pressure. The study is based on a panel analysis of 38 states during 2000-2017. We used ordinary least squares (OLS) as a base model for our estimations, and a linear regression with panel-corrected standard errors and a first difference generalized method of moments (GMM) with robust standard errors and orthogonal deviations. The results of our study indicate that the demographic and institutional factors involved in the analysis contribute to the identification of some variables that affect the global or social fiscal pressure.