Economic Growth and Budget Constraints: EU Countries Panel Data Analysis

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090317" target="_blank" >RIV/00216224:14560/16:00090317 - isvavai.cz</a>

Result on the web

<a href="http://nho.econ.muni.cz/2-2016/economic-growth-and-budget-constraints-eu-countries-panel-data-analysis" target="_blank" >http://nho.econ.muni.cz/2-2016/economic-growth-and-budget-constraints-eu-countries-panel-data-analysis</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1515/revecp-2016-0007" target="_blank" >10.1515/revecp-2016-0007</a>

Result language

angličtina

Original language name

Economic Growth and Budget Constraints: EU Countries Panel Data Analysis

Original language description

The aim of this paper is to identify the impacts of different taxes and expenditures on economic growth. The research is focused on 20 selected European Union Member States. These countries are equally divided into four groups based on their average tax burden as presented in the World Tax Index. A comparison of fiscal attributes among these groups is important for the analysis. Annual government finance data from the years 1995 to 2012 are used for an empirical study. The indicators observed are real GDP change, the composition and volume of total government expenditures, tax quotas of individual taxes and total budget balance. These indicators are used within an endogenous growth model together with capital stock and an approximation of human capital. A panel regression with fixed effects is used as an analytic tool. The main results are that an increase in social contributions, property, production and personal income tax quotas has an adverse effect on economic growth.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50200 - Economics and Business

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Národohospodářský obzor

ISSN

1213-2446

e-ISSN

—

Volume of the periodical

Volume 16

Issue of the periodical within the volume

Issue 2/2016

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

15

Pages from-to

87-101

UT code for WoS article

000406944800002

EID of the result in the Scopus database

2-s2.0-84979026662