Relationship Between General Government Expenditure and Economic Growth in Czechia

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F24%3AA0000469" target="_blank" >RIV/47813059:19520/24:A0000469 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1108/978-1-83753-840-920241009" target="_blank" >http://dx.doi.org/10.1108/978-1-83753-840-920241009</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1108/978-1-83753-840-920241009" target="_blank" >10.1108/978-1-83753-840-920241009</a>

Result language
angličtina
Original language name
Relationship Between General Government Expenditure and Economic Growth in Czechia
Original language description
Government spending plays a crucial role in fiscal policy in any country, both as a tool for implementing individual government policies and as a possible instrument for mitigating uneven economic developments and economic shocks. This chapter provides direct empirical evidence on the development and structure of general government expenditure and its relationship with real economic growth in Czechia and the European Union countries. Compared to theoretical recommendations, general government expenditure has not been used as a stabiliser in Czechia and EU countries and has been observed to be pro-cyclical in the period under review. Granger causality analysis identified the direction of causality between the macroeconomic variables analysed and found that in most cases economic growth came first, followed by government spending.
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
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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