Public spending and Wagner's law in central and eastern european countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230001695" target="_blank" >RIV/47813059:19520/12:#0001695 - 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

Public spending and Wagner's law in central and eastern european countries

Popis výsledku v původním jazyce

This paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government spending and output in eight Central and Eastern European countries in a period 1995-2009. We analyzed annual data on governmentspending in compliance with the COFOG international standard. Although the theory implies that government spending is countercyclical, our research does not prove that. The results confi rm cyclical development of government spending on GDP, Wagner's law and voracity eff ect in the CEE countries during 1995- 2009. We used Johansen cointegration test and the error correction model. Output and government spending are cointegrated for at least 4 from 10 spending functions in every country and it implies along-term relationship between government spending and output. The government spending functions are procyclical in most CEE countries (93% cases in the sample). Average value of long-run elasticity coeffi cient is 1.74 for all spending

Název v anglickém jazyce

Public spending and Wagner's law in central and eastern european countries

Popis výsledku anglicky

This paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government spending and output in eight Central and Eastern European countries in a period 1995-2009. We analyzed annual data on governmentspending in compliance with the COFOG international standard. Although the theory implies that government spending is countercyclical, our research does not prove that. The results confi rm cyclical development of government spending on GDP, Wagner's law and voracity eff ect in the CEE countries during 1995- 2009. We used Johansen cointegration test and the error correction model. Output and government spending are cointegrated for at least 4 from 10 spending functions in every country and it implies along-term relationship between government spending and output. The government spending functions are procyclical in most CEE countries (93% cases in the sample). Average value of long-run elasticity coeffi cient is 1.74 for all spending

Druh

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

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2012

Kód důvěrnosti údajů

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

Název periodika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

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Svazek periodika

60

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

8

Strana od-do

383-390

Kód UT WoS článku

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EID výsledku v databázi Scopus

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