Relationship between government spending and economic growth in the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001435" target="_blank" >RIV/47813059:19520/11:#0001435 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Relationship between government spending and economic growth in the Czech Republic
Original language description
This article aims to provide direct empirical evidence on business cycle relations between government spending and economic growth in the Czech Republic. We analyzed annual data on government spending in compliance with the COFOG international standard.We use cross-correlation on cyclically filtered adjusted time series over the period 1995-2008. The cyclical properties of GDP and government spending func-tion were, in average, found as weakly correlated. However, we report considerable differences incorrelations across the spending functions. The lowest correlation coefficient (0.06) was found for recreation, culture and religion and the highest av-erage was reported for economic affairs (-0.51). As regards to using government spending as the stabilizer, total government spending, general public services, de-fense, economic affairs and education spending were negative correlated and it confirms countercyclical relation between these spending functions and GDP.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GAP403%2F11%2F2073" target="_blank" >GAP403/11/2073: Procyclicality of financial markets, asset price bubbles and macroprudential regulation</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendeleianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
59
Issue of the periodical within the volume
7
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
7
Pages from-to
415-421
UT code for WoS article
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EID of the result in the Scopus database
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