PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086832" target="_blank" >RIV/61989100:27510/13:86086832 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD
Original language description
In connection with the recent financial and debt crisis, the debate about the influence of government spending on economic growth has deepened. The primary aim of this paper is thus to examine the influence of both, productive (investment) and unproductive (consumption) government expenditure on growth in the OECD in 2000-2010. The dynamic panel data analysis is performed using the GMM. The results show that, unlike the theoretical assumptions, the influence of both types of spending on economic growthis positive. If the unproductive part of the spending includes especially the social transfers, those raise the disposable income of households, the consumption and thus also the GDP per capita. In case of productive spending, the effect of its volatility on growth was proved to be negative. It can be concluded that instead of budget cuts, fiscal policy authorities should primarily try to avoid the changes and volatility of the investment spending.
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Taxes in the World : 3rd International Scientific Conference : proceedings : [Ostravice, 12.-13.12.2013]
ISBN
978-80-248-3133-6
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
103-112
Publisher name
VŠB-Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostravice
Event date
Dec 12, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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