SOCIAL EXPENDITURE: THEIR IMPACT ON THE ECONOMIC GROWTH

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86100074" target="_blank" >RIV/61989100:27510/15:86100074 - 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
SOCIAL EXPENDITURE: THEIR IMPACT ON THE ECONOMIC GROWTH
Original language description
The aim of this article is to investigate the long term effect of social expenditure on economic growth in the EU15 countries. From a methodological point of view GMM model was used in the period 1980-2014. The model of growth included standard growth variables and fiscal variables. The revenue part of the budget was intercepted with the tax revenue and expenditure has been exploring through social spending. Social expenditure has been examined by the methodology of COFOG. The empirical analysis suggests that social spending affect economic growth negatively, especially in the first two years. This implies that social spending in these countries may be inefficiently used and the source of financing of these expenditures is probably inappropriate. Social spending thus plays the role of these countries more suitable institutional framework, but as a tool for achieving economic growth, it appears to be inappropriate.
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
Taxes in the world : proceedings of the 5th international scientific conference : December 10-11, 2015, Vienna, Austria
ISBN
978-80-905405-1-4
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
11-18
Publisher name
European Association Comenius
Place of publication
[Rakousko]
Event location
Vídeň
Event date
Dec 10, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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