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Fiscal deficit, macro-uncertainty, and growth in Argentina

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  • Jorge C. Avila

Abstract

We analyze the relationship between fiscal deficit, macroeconomic uncertainty and growth for the period 1915-2006, and conclude that the deficit, possibly through the volatility in relative prices it generates, is a significant restriction on per-capita income growth in Argentina.

Suggested Citation

  • Jorge C. Avila, 2011. "Fiscal deficit, macro-uncertainty, and growth in Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 456, Universidad del CEMA.
    • Handle: RePEc:cem:doctra:456
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    File URL: https://www.ucema.edu.ar/publicaciones/download/documentos/456.pdf
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    References listed on IDEAS

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    1. Jorge C. Ávila, 2010. "A country-risk approach to the business cycle. With an application to Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 435, Universidad del CEMA.
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    Cited by:

    1. Tariq Hussain & Ahmad Raza Ul Mustafa & Makhdum M.I. & Kaleem Ullah, 2022. "Defense Expenditures, Fiscal Deficit And Debt Servicing Nexus: A Case Study Of Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(2), pages 74-83, June.
    2. Jérôme Blanc, 2014. ""Argentina o dolarización", ou quand la monnaie revient à la souveraineté," Post-Print halshs-01016336, HAL.
    3. Vishal Sharma & Ashok Mittal, 2019. "Fiscal deficit, capital formation, and economic growth in India: a nonlinear ARDL model," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 46(4), pages 353-363, December.
    4. Richard C. K. Burdekin & Leroy O. Laney, 2016. "Fiscal policymaking and the central bank institutional constraint Una Vez Más: New Latin American evidence," Public Choice, Springer, vol. 167(3), pages 277-289, June.

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    1. Jorge C. Ávila, 2011. "The welfare cost of Argentine risk," CEMA Working Papers: Serie Documentos de Trabajo. 471, Universidad del CEMA.

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