Government Expenditure and Economic Growth: Is This Relationship Determined by the Institutional Conditions?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86090791" target="_blank" >RIV/61989100:27510/14:86090791 - 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
Government Expenditure and Economic Growth: Is This Relationship Determined by the Institutional Conditions?
Original language description
The aim of this paper is to find out whether the influence of fiscal policy, with special focus on partial types of government expenditure, economic growth depending on the institutional conditions. From a methodological point of view, panel data estimation is used for 22 OECD countries (which are divided into two groups ? countries with high or low institutional conditions) in the period 1993-2012. The results of the analysis show that the impact of fiscal policy on economic growth is significantly determined by institutional conditions. In both groups of countries unproductive government expenditure and productive expenditure on general public services have negative impact on economic growth. Other productive expenditures have pro-growth influence oneconomic growth but only in case of countries with high institutional conditions. Conversely, in countries with low institutional conditions productive expenditures are harmful for economic growth because of inefficient use of these expe
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
4th International Scientific Conference on Taxes in the World
ISBN
978-80-905405-0-7
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
79-92
Publisher name
European Association Comenius
Place of publication
[Rakousko]
Event location
Vídeň
Event date
Dec 11, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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