Trends of COFOG government expenditure in the EU15

Result code in IS VaVaI
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Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Trends of COFOG 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. The voracity effect
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 10th International Scientific Conference: Economic Policy in the European Union Member Countries: Selected Papers.
ISBN
978-80-7248-788-2
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
280-290
Publisher name
Silesian University
Place of publication
Karviná
Event location
Vendryně
Event date
Sep 19, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000317528400026

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