The Influence of Fiscal Deficit Creation on Economic Growth
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86094857" target="_blank" >RIV/61989100:27510/16:86094857 - isvavai.cz</a>
Result on the web
<a href="https://www.vse.cz/polek/1062" target="_blank" >https://www.vse.cz/polek/1062</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.polek.1062" target="_blank" >10.18267/j.polek.1062</a>
Alternative languages
Result language
slovinština
Original language name
The Influence of Fiscal Deficit Creation on Economic Growth
Original language description
The discussion of influence of fiscal consolidation on economic growth is quite interesting and important topic. Consequently, the main aim of the article is to determine differences within the influence of fiscal deficit on the economic growth, which is caused by changes in certain groups of government expenditures and revenues. We focus on two different economic growth indicators. The first is growth rate of real GDP and the second is growth rate of potential output. The panel regression method is used which data covers 13 old EU member states in 1996 to 2013. We employ the omitted fiscal variable approach. There is a hint that every deficit to revenue substitution has no significant growth effect. The results of expenditures imply, that government should reduce deficit created by debt service. The measure has relatively stronger effect on supply side. Potential output growth can also be supported by the deficit decrease of social expenditures. Lowering government consumption is detrimental to GDP, but it is not to potential output. There are some differences between results of two types of growth. Hence government should decide, if consolidation effect is considered against GDP or potential output at first.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Politická ekonomie
ISSN
0032-3233
e-ISSN
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Volume of the periodical
64
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
17
Pages from-to
176-192
UT code for WoS article
000375021600004
EID of the result in the Scopus database
2-s2.0-84965049964