Government Expenditure Connection to Economic Performance in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230002116" target="_blank" >RIV/47813059:19520/12:#0002116 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Government Expenditure Connection to Economic Performance in the Czech Republic
Original language description
This paper aims to fill the gap in existing literature and provide direct empirical evidence on how government expenditure is connected to economic performance in the Czech Republic. We used cross-correlation on cyclically filtered time series over the period 1995-2010. In average, the cyclical properties of government expenditure variables and output were founded as weakly correlated (0.37). However, substantial differences among variables were revealed. The lowest correlation coefficient (0.06) was found for interest and investment, the highest value was reported for current expenditure and GDP (0.71). As regards to using government expenditure as the stabilizer, non-investment transfers to population GCP were the only negative correlated expenditurecategory and it confirms countercyclical development in line with the theory suggestion. Johansen cointegration test and the error correction model were used to estimate the long-run relationship between output and government expenditure
Czech name
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Czech description
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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)

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
PROCEEDINGS OF THE 13TH INTERNATIONAL CONFERENCE ON FINANCE AND BANKING
ISBN
978-80-7248-753-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
415-423
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Karviná
Event location
Ostrava
Event date
Jan 1, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000309369700042

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