Economic Growth in the EU Countries: Do Institutional Settings and Macroeconomic Policies Matter?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43888330" target="_blank" >RIV/62156489:43110/15:43888330 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Economic Growth in the EU Countries: Do Institutional Settings and Macroeconomic Policies Matter?
Original language description
A controversy among academics about whether macroeconomic policies matter for economic growth leads to broad discussions. In this paper we focus on the argumentation of Acemoglu et al. (2005) who state that macroeconomic policies explain economic growthsince they can be understood as proxies for institutions. The object of the paper is then to support the idea that macroeconomic policies, in particular, fiscal policy in our case influences the economic growth in particular institutional settings in theEU. In detail, regressions augmented with the interactions between fiscal policy tools and institutional settings are used to verify whether the policy influences economic growth directly or whether institutions are the driving forces giving the direction to fiscal policy. Moreover, employing the panel data allows for the explanation of both cross-country differences in economic growth as well as of the evolution of economic growth over time in these countries. We conclude that institut
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/7E12049" target="_blank" >7E12049: Welfare, Wealth and Work for Europe</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of 12th International Scientific Conference: Economic Policy in the European Union Member Countries
ISBN
978-80-7510-114-3
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
270-277
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Karviná
Event location
Ostravice
Event date
Sep 16, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000366004300029