Quality of Public Finance and Economic Growth in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F16%3A00010713" target="_blank" >RIV/47813059:19520/16:00010713 - isvavai.cz</a>

Result on the web

<a href="https://acta.mendelu.cz/64/4/1373/" target="_blank" >https://acta.mendelu.cz/64/4/1373/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.11118/actaun201664041373" target="_blank" >10.11118/actaun201664041373</a>

Result language

angličtina

Original language name

Quality of Public Finance and Economic Growth in the Czech Republic

Original language description

Quality of public finances belongs to a key policy challenge as its improvement should lead to a long-term economic growth. The aim of the paper is to investigate if the key channels and tools used by the public finance (structure of revenue system, size of the government and composition of expenditure, level and sustainability of fiscal position) affect economic growth in the Czech Republic in the period 1995-2013. The empirical model is based on the methodology of Barro and Sala-i-Martin (2003) and the model of Mankiw et al. (1992) which is adapted to the framework of this study. The results of dynamic regressions suggest that economic growth is affected by public finance variables only partly and traditional sources of economic growth (human capital or openness) play bigger role. Provided evidence shows that total tax burden as well as the structure of revenue system (especially implicit tax rates on labour and consumption) should be primarily used as tools for maintain macroeconomi c objectives. On the contrary, changes in size and composition of expenditure, balance and debt report not statistically significant impact.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

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

Name of the periodical

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

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Volume of the periodical

64

Issue of the periodical within the volume

4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

9

Pages from-to

1373-1381

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-84990990442