An econometric approach to the relationship between tax revenue and gross national expenditure in Romania
摘要
This study analyzes the relationship between tax revenue and gross national expenditure in Romania, aiming at identifying both short-term dynamics and long-term dependencies. Romania represents a relevant case due to frequent fiscal policy changes and adjustments during economic crises. The gross national expenditure exhibits an initial positive response that increases over the long term, indicating a gradual adjustment to support tax revenue. In the long run, they become a major factor in the dynamics of revenues. Tax revenue is dominated by its own shocks, showing a significant self-regulating capacity in the short term and remaining relatively stable over time. The results obtained provide a solid foundation for understanding the dynamics of certain economic relationships, potentially contributing to the development of effective and sustainable economic policies.