Optimal Mix of Fiscal Policy in the EU with a Special Reference to the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86096065" target="_blank" >RIV/61989100:27510/15:86096065 - 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
Optimal Mix of Fiscal Policy in the EU with a Special Reference to the Czech Republic
Original language description
The optimal mix of fiscal policy plays an important role even in a small economy such as the Czech Republic. Therefore the aim of the paper is to investigate the effect of fiscal policy on economic growth in the Czech Republic, which is examined in the context of European Union member countries. From a methodological point of view, panel data estimation is used for European Union countries in the period 1996-2012. The results of the analysis show that institutional conditions have a significant impact on economic growth via fiscal policy. In the case of countries with low-quality institutional framework, which also includes the Czech Republic, productive expenditure have negative impact on economic growth apparently because of inefficient use of theseexpenditure. For this reason, the Czech Republic should focus on the institutional framework through the increase of fiscal transparency.
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 Vision 2020: from regional development sustainability to global economic growth : proceedings of the 25th International Business Information Management Association Conference : May 7-8, 2015, Amsterdam, Netherlands
ISBN
978-0-9860419-4-5
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
2011-2019
Publisher name
IBIMA
Place of publication
Norristown
Event location
Amsterdam
Event date
May 7, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000360508700196

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