Trends of government expenditure in the EU15.
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230002155" target="_blank" >RIV/47813059:19520/12:#0002155 - 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
Trends of government expenditure in the EU15.
Original language description
The goal of the paper is to examine the trends of government expenditure in the core member states of the European Union (EU15) in a period 1995-2010. Government expenditure and factors of their growth are a serious problem of many countries. Concurrently, government expenditure is an important tool for national governments to mitigate the uneven economic development and economic shocks across individual countries as a potential automatic stabilizer. The paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government expenditure in compliance with the COFOG international standard and output. The Johansen cointegration test and the error correction model are used for analysis. The results state significant differences in size and importance of public sector in the selected countries. Research confirms cyclical development of government expenditure on GDP and Wagner´s law in EU15 member states during 1995-2010.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
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
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Sborník příspěvků X. mezinárodní vědecké konference Hospodářská politika v členských zemích Evropské unie.
ISBN
978-80-7248-780-6
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
548-558
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Karviná
Event location
Vendryně
Event date
Jan 1, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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