Template-type: ReDIF-Paper 1.0
Author-Name: Tsangyao Chang
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Author-Name: WentRong Liu
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Author-Name: Michael Thompson
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Title: The Viability of Fiscal Policy in South Korea, Taiwan, and Thailand
Abstract: The viability of stimulative fiscal policy has become a political issue in 
 South Korea, Taiwan, and Thailand since the Asian financial crisis of 1997. This paper
 examines historical relationships between government spending, taxes, and output in 
 these countries using cointegration and vector autoregression techniques with data 
 starting in the 1950s. South Korea has had a policy of spend-and-tax, Taiwan tax-and-spend,
 while in Thailand there has been no apparent approach to fiscal policy. For the three 
 countries, fiscal policy has had zero to negligible effects on output and is not 
 recommended as a way to stimulate output. 
Keywords: fiscal policy, thailand, south korea
Length: 23 pages
Creation-Date: 2002-05-01
File-URL: http://icepp.gsu.edu/files/2015/03/ispwp0209.pdf
File-Format: Application/pdf
Handle: RePEc:ays:ispwps:paper0209