THE INFLUENCE OF FISCAL POLICY ON ECONOMIC GROWTH: THE ROLE OF FISCAL DEFICIT

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86092244" target="_blank" >RIV/61989100:27510/14:86092244 - 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
THE INFLUENCE OF FISCAL POLICY ON ECONOMIC GROWTH: THE ROLE OF FISCAL DEFICIT
Original language description
Fiscal policy makers have been facing to new challenges in recent years, especially in EU countries after financial crisis. This is happening in faith that fiscal deficit and fiscal stance have to be sustainable in long term; otherwise, it will have a negative impact on the economic growth. Therefore the aim of this paper is to examine impact of fiscal budget deficit on economic growth in EU 15 countries (excluding Greece) in period from 2000 to 2013. The deficit appears to be detrimental to growth. Theanalysis which follows methodology of omitted fiscal variables has been employed to find out other nexus. Results suggest that the role of fiscal deficit might be depended on the process of its creation. If deficit increases as result of tax cut, then appears to have positive effect, while raising deficit by government expenditures is negative influence on economic growth.
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
10
Pages from-to
1-10
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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