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• W1538960059 abstract "This study reexamines the sustainability of budget stance of Sarawak state, 1970-2008. Using the intertemporal borrowing constraint as a framework, the study tests the long-run relationship between government revenue and expenditure. Empirical results demonstrate a long-run equilibrium relationship among the variables. The cointegration test result suggests that Sarawak state’s fiscal stance satisfies the weak sustainability condition. In addition, the Granger causality test result reveals a bi-directional relationship between government revenue and expenditure. This means that fiscal authorities made simultaneous decisions on expenditure and revenue. Government revenue and expenditure will mutually reinforce each other." @default.
• W1538960059 created "2016-06-24" @default.
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• W1538960059 date "2012-12-01" @default.
• W1538960059 modified "2023-09-24" @default.
• W1538960059 title "Assessment of budget sustainability in Sarawak" @default.
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