Trends of COFOG government expenditure in the EU15

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Trends of COFOG government expenditure in the EU15

Popis výsledku v původním jazyce

The goal of the paper is to examine the trends of government expenditure in the core member states of the European Union (EU15) in a period 1995-2010. Government expenditure and factors of their growth are a serious problem of many countries. Concurrently, government expenditure is an important tool for national governments to mitigate the uneven economic development and economic shocks across individual countries as a potential automatic stabilizer. The paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government expenditure in compliance with the COFOG international standard and output. The Johansen cointegration test and the error correction model are used for analysis. The results state significant differences in size and importance of public sector in the selected countries. Research confirms cyclical development of government expenditure on GDP and Wagner's law in EU15 member states during 1995-2010. The voracity effect

Název v anglickém jazyce

Trends of COFOG government expenditure in the EU15

Popis výsledku anglicky

The goal of the paper is to examine the trends of government expenditure in the core member states of the European Union (EU15) in a period 1995-2010. Government expenditure and factors of their growth are a serious problem of many countries. Concurrently, government expenditure is an important tool for national governments to mitigate the uneven economic development and economic shocks across individual countries as a potential automatic stabilizer. The paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government expenditure in compliance with the COFOG international standard and output. The Johansen cointegration test and the error correction model are used for analysis. The results state significant differences in size and importance of public sector in the selected countries. Research confirms cyclical development of government expenditure on GDP and Wagner's law in EU15 member states during 1995-2010. The voracity effect

Druh

D - Stať ve sborníku

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

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 10th International Scientific Conference: Economic Policy in the European Union Member Countries: Selected Papers.

ISBN

978-80-7248-788-2

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

280-290

Název nakladatele

Silesian University

Místo vydání

Karviná

Místo konání akce

Vendryně

Datum konání akce

19. 9. 2012

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000317528400026