Distortionary Effects of Public Debt - Could Prolonged Deficit Period Have Impact on the Role of Fiscal Policy in Economic Growth?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094862" target="_blank" >RIV/61989100:27510/15:86094862 - 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
Distortionary Effects of Public Debt - Could Prolonged Deficit Period Have Impact on the Role of Fiscal Policy in Economic Growth?
Original language description
This article focuses on the potential distorting effect of long-lasting fiscal budget on impacts of budget components on economic growth. Aim of this paper is to investigate if there are any differences in relations from government expenditures and revenues to economic growth between fiscal healthy countries and relatively jeopardized ones. For this purpose was employed extended neoclassical growth model with budget components. Estimations were using the panel data regression with cross-section effects.The sample consists of EU-28 in period from 1996 to 2014 and was split into the weak and the strong sub-samples according to a criterion of long-term deficit. Results suggest that prolonged period of higher deficit creates significant differences in budget components effects on the economic growth. While fiscally weaker countries had significant negative effects of interest payable, social contribution and taxes on production and import other than VAT, the stronger does not. The positiv
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
10
Pages from-to
396-405
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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