Relationship between government expenditure and output in the problematic regions in the European Union

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F13%3A%230002162" target="_blank" >RIV/47813059:19520/13:#0002162 - isvavai.cz</a>

Result on the web

<a href="http://www.economyofregion.com/current/2183/pdf/" target="_blank" >http://www.economyofregion.com/current/2183/pdf/</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Relationship between government expenditure and output in the problematic regions in the European Union

Original language description

Economic and debt crisis has increased the attention paid to the development of government expenditure in problematic regions in the European Union. The goal of the article is to provide direct empirical evidence on cyclicality and the long-term and short-term relationship between government expenditure and output in the Portugal, Ireland, Italy, Greece and Spain in a period 1995-2011. We have applied Johansen cointegration test and the error correction model on adjusted annual data of GDP and government expenditure in compliance with the COFOG international standard. Research confirms procyclical development of government expenditure functions on GDP in the selected countries; this procyclicality is in line with development typical for developing countries. Moreover, output and government expenditure are cointegrated for at least six of the expenditure categories in every country and it implies a long-term relationship between government expenditure and output consistent with Wagner's

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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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

2013

Confidentiality

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

Name of the periodical

Economy of Region

ISSN

2072-6414

e-ISSN

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Volume of the periodical

Neuvedeno

Issue of the periodical within the volume

4

Country of publishing house

RU - RUSSIAN FEDERATION

Number of pages

10

Pages from-to

190-199

UT code for WoS article

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EID of the result in the Scopus database

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