Relatonship between economic performance and government expenditure in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230002125" target="_blank" >RIV/47813059:19520/12:#0002125 - 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

Relatonship between economic performance and government expenditure in the Czech Republic

Popis výsledku v původním jazyce

This chapter 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

Relatonship between economic performance and government expenditure in the Czech Republic

Popis výsledku anglicky

This chapter 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

C - Kapitola v odborné knize

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 knihy nebo sborníku

Eurozone and Its Neighbors: The Third Year of Crisis

ISBN

978-80-87106-60-0

Počet stran výsledku

14

Strana od-do

131-144

Počet stran knihy

236

Název nakladatele

Martin Stříž Publishing

Místo vydání

Bučovice

Kód UT WoS kapitoly

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