Fiscal Policy and Economic Growth in EU countries: Evidence from Panel Data with Budget Constraints

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00083836" target="_blank" >RIV/00216224:14560/15:00083836 - isvavai.cz</a>
Result on the web
<a href="http://mme2015.zcu.cz/downloads/MME_2015_proceedings.pdf" target="_blank" >http://mme2015.zcu.cz/downloads/MME_2015_proceedings.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Fiscal Policy and Economic Growth in EU countries: Evidence from Panel Data with Budget Constraints
Original language description
The aim of this paper is to find evidence whether fiscal policy can affect the economic growth based on the empirical research method. Focus is set on 25 se- lected member countries of the European Union. Annu al government finance data from years 1995 to 2012 are used for an empirical s tudy. Observed indicators are composition and volume of total government expendit ures and through budget con- strain also tax burden of individual taxes. These i ndicators are used within endoge- nous growth model together with capital stock and a pproximation of human capital. A panel regression with fixed effects is used as an analytic tool. Results show which composition of government expenditures is growth-fr iendly. Every policy maker must also take into consideration a trade-off betwe en an increase of public expendi- tures and raising taxes to achieve a balanced gover nment budget. For that reason impacts of various taxes on the economic growth wer e examined to find out which tax is strongly d
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 33th International Conference Mathematical Methods in Economics 2015
ISBN
9788026105374
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
937-942
Publisher name
University of West Bohemia
Place of publication
Plzeň
Event location
Cheb
Event date
Sep 9, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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