Relationship between government spending and economic growth in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001435" target="_blank" >RIV/47813059:19520/11:#0001435 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Relationship between government spending and economic growth in the Czech Republic

Popis výsledku v původním jazyce

This article aims to provide direct empirical evidence on business cycle relations between government spending and economic growth in the Czech Republic. We analyzed annual data on government spending in compliance with the COFOG international standard.We use cross-correlation on cyclically filtered adjusted time series over the period 1995-2008. The cyclical properties of GDP and government spending func-tion were, in average, found as weakly correlated. However, we report considerable differences incorrelations across the spending functions. The lowest correlation coefficient (0.06) was found for recreation, culture and religion and the highest av-erage was reported for economic affairs (-0.51). As regards to using government spending as the stabilizer, total government spending, general public services, de-fense, economic affairs and education spending were negative correlated and it confirms countercyclical relation between these spending functions and GDP.

Název v anglickém jazyce

Relationship between government spending and economic growth in the Czech Republic

Popis výsledku anglicky

This article aims to provide direct empirical evidence on business cycle relations between government spending and economic growth in the Czech Republic. We analyzed annual data on government spending in compliance with the COFOG international standard.We use cross-correlation on cyclically filtered adjusted time series over the period 1995-2008. The cyclical properties of GDP and government spending func-tion were, in average, found as weakly correlated. However, we report considerable differences incorrelations across the spending functions. The lowest correlation coefficient (0.06) was found for recreation, culture and religion and the highest av-erage was reported for economic affairs (-0.51). As regards to using government spending as the stabilizer, total government spending, general public services, de-fense, economic affairs and education spending were negative correlated and it confirms countercyclical relation between these spending functions and GDP.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GAP403%2F11%2F2073" target="_blank" >GAP403/11/2073: Procykličnost finančních trhů, bubliny v cenách aktiv a makroprudenční regulace</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Acta Universitatis Agriculturae et Silviculturae Mendeleianae Brunensis

ISSN

1211-8516

e-ISSN

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Svazek periodika

59

Číslo periodika v rámci svazku

7

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

7

Strana od-do

415-421

Kód UT WoS článku

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EID výsledku v databázi Scopus

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