Fiscal Policy and Economic Growth: a Special Focus on Social Expenditure

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094848" target="_blank" >RIV/61989100:27510/15:86094848 - 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
Fiscal Policy and Economic Growth: a Special Focus on Social Expenditure
Original language description
The aim of this article is to determine the long term effect of social spending on economic growth in the OECD countries. From a methodological point of view GMM model was used in the period 1980-2014. The growth model includes standard variables of growth and fiscal variables, i.e. tax revenues and social expenditure. The empirical results show, that social spending has a positive effect on economic growth, with a year's delay, but this effect is negative in next years. Main conclusion therefore is that social expenditure can, under certain circumstances, increase economic growth, but it is only a short-term effect. A certain level of social spending is necessary for the functioning of the economy, but they not appear to be a suitable instrument for directly stimulating long-term growth.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 13th International Conference "ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES"
ISBN
978-80-248-3796-3
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
787-792
Publisher name
Vysoká škola báňská - Technická univerzita Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 2, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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