We follow Ewing et al. (20065. Ewing, B. T., Payne, J. E., Thompson, M. A. and Al-Zoubi, O. M. 2006. Government expenditures and revenues: evidence from asymmetric modeling. Southern Economic Journal , 73: 190-200. [CrossRef], [Web of Science ®]View all references) and examine the US federal revenue-expenditure nexus in an Error-Correction Model (ECM) allowing for asymmetric adjustment. Symmetric adjustment is rejected by data covering 1959.3 to 2007.4. Depending on whether a Threshold Autoregression (TAR) or Momentum Threshold Autoregression (M-TAR) model is employed, the estimated asymmetry is very different. We argue that there is little justification for preferring one model over the other and the concepts of âworseningâ or âimprovingâ budgets are model-contingent in important ways. Taking this into account, the results across models need not be contradictory.View full textDownload full textRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/13504851.2010.498337
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机译：我们遵循Ewing等。 （20065. Ewing，BT，Payne，JE，Thompson，MA和Al-Zoubi，OM2006。政府支出和收入：来自非对称建模的证据。《南方经济》，73：190-200。[CrossRef]，[Web of Science ®]查看所有参考资料），并在允许非对称调整的误差校正模型（ECM）中检查美国联邦收入-支出关系。对称调整被覆盖范围1959.3至2007.4的数据所拒绝。根据采用的是阈值自回归（TAR）还是动量阈值自回归（M-TAR）模型，估计的不对称性非常不同。我们认为，偏爱一种模型几乎没有道理，而“恶化”或“改进”预算的概念在很大程度上取决于模型。考虑到这一点，跨模型的结果不必矛盾。 ，digg，google，more“，发布号：” ra-4dff56cd6bb1830b“};添加到候选列表链接永久链接http://dx.doi.org/10.1080/13504851.2010.498337
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