Government Expenditure Connection to Economic Performance in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230002116" target="_blank" >RIV/47813059:19520/12:#0002116 - 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

Government Expenditure Connection to Economic Performance in the Czech Republic

Popis výsledku v původním jazyce

This paper aims to fill the gap in existing literature and provide direct empirical evidence on how government expenditure is connected to economic performance in the Czech Republic. We used cross-correlation on cyclically filtered time series over the period 1995-2010. In average, the cyclical properties of government expenditure variables and output were founded as weakly correlated (0.37). However, substantial differences among variables were revealed. The lowest correlation coefficient (0.06) was found for interest and investment, the highest value was reported for current expenditure and GDP (0.71). As regards to using government expenditure as the stabilizer, non-investment transfers to population GCP were the only negative correlated expenditurecategory and it confirms countercyclical development in line with the theory suggestion. Johansen cointegration test and the error correction model were used to estimate the long-run relationship between output and government expenditure

Název v anglickém jazyce

Government Expenditure Connection to Economic Performance in the Czech Republic

Popis výsledku anglicky

This paper aims to fill the gap in existing literature and provide direct empirical evidence on how government expenditure is connected to economic performance in the Czech Republic. We used cross-correlation on cyclically filtered time series over the period 1995-2010. In average, the cyclical properties of government expenditure variables and output were founded as weakly correlated (0.37). However, substantial differences among variables were revealed. The lowest correlation coefficient (0.06) was found for interest and investment, the highest value was reported for current expenditure and GDP (0.71). As regards to using government expenditure as the stabilizer, non-investment transfers to population GCP were the only negative correlated expenditurecategory and it confirms countercyclical development in line with the theory suggestion. Johansen cointegration test and the error correction model were used to estimate the long-run relationship between output and government expenditure

Druh

D - Stať ve sborníku

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

2012

Kód důvěrnosti údajů

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

Název statě ve sborníku

PROCEEDINGS OF THE 13TH INTERNATIONAL CONFERENCE ON FINANCE AND BANKING

ISBN

978-80-7248-753-0

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

415-423

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Karviná

Místo konání akce

Ostrava

Datum konání akce

1. 1. 2011

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000309369700042