Impact of the deficit creation on the economic growth: Empirical analysis for EU 14 countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094858" target="_blank" >RIV/61989100:27510/15:86094858 - 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
Impact of the deficit creation on the economic growth: Empirical analysis for EU 14 countries
Original language description
Many countries struggle with similar fiscal problems. Therefore, there is a pressing need to look for measures that are not only able to decrease the public debt and but at the same time do not limit the economic growth. The aim of this article is to assess the impact of the fiscal deficit creation according to the chosen main budget components divided by the economic classification and based on these findings the possible solutions of the current problems will be suggested. The empirical analysis is based on a dynamic panel model, in which the data for the EU 14 countries in the period of 2002-2013 are used. Our findings suggest that deficit decreasing by the changes in debt service has the strongest positive effect among all estimates. Actually, every expenditure cut other than public investment is recommended. On the revenues side, we do not consider the growth of indirect taxes to be appropriate. However, increase in direct taxes leading to deficit decrease could slightly support t
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
Online Conference Proceedings - 9th International Days of Statistics and Economics
ISBN
978-80-87990-06-3
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
1159-1168
Publisher name
Melandrium
Place of publication
Slaný
Event location
Praha
Event date
Sep 10, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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