The Interaction between Fiscal Policy and Economic Growth: Case of OECD Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094860" target="_blank" >RIV/61989100:27510/15:86094860 - 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 Interaction between Fiscal Policy and Economic Growth: Case of OECD Countries
Original language description
For the sustainable development of any company it is crucial to recognize macroeconomic performance and its changes. Without doubt, the economic development affects the gains and decision making of them. Cognition of the interaction between fiscal policyand economic growth can help companies to react more appropriately and faster, especially during current sovereign debt crisis. The aim of this paper is to describe the interaction between taxation, government expenditures, and economic growth and to find out how long these interactions persist in the economy of OECD members. To meet these goals a panel VAR model estimated by GMM is used to construct an impulse-response function. The analysis is performed for 34 OECD countries in the period between 2000 and 2012. The results show that it lasts approximately five years till the GDP growth rate returns to its initial level after a temporary fiscal shock. The impact of taxation is always in the opposite direction to the effect of governme
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
Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment
ISBN
978-9963-711-37-6
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
976-989
Publisher name
EuroMed Press
Place of publication
[Norsko]
Event location
Verona
Event date
Sep 16, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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