Relatonship between economic performance and government expenditure in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230002125" target="_blank" >RIV/47813059:19520/12:#0002125 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Relatonship between economic performance and government expenditure in the Czech Republic
Original language description
This chapter 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
—
Czech description
—

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

Similar results(10)