Long-term and short-term relationship between government expenditure and GDP in the EU15: cointegration approach

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002713" target="_blank" >RIV/47813059:19520/14:#0002713 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.ekonomista.info.pl/?rok=2014@nr=6@lang=0@menu=0@t=1" target="_blank" >http://www.ekonomista.info.pl/?rok=2014@nr=6@lang=0@menu=0@t=1</a>

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Long-term and short-term relationship between government expenditure and GDP in the EU15: cointegration approach

Popis výsledku v původním jazyce

This article deals with development and trends of government expenditure in the core European Union member states (EU15) in a period 1995-2010. The aim is to provide direct empirical evidence on cyclicality and the long-term and short-term relationship between government expenditure and GDP. Adjusted annual Eurostat data of GDP and government expenditure in compliance with the COFOG international standard are estimated. The Johansen cointegration test and the Error Correction Model are applied to the examining. Research confirms procyclical development of government expenditure functions on GDP; it means that governments do not use government expenditure as a countercyclical fiscal tool. On the contrary, findings verify existence of Wagner´s Law in theEU15 in selected period. However, the results document significant differences in importance of public sector and a priority of government expenditure functions in individual countries.

Název v anglickém jazyce

Long-term and short-term relationship between government expenditure and GDP in the EU15: cointegration approach

Popis výsledku anglicky

This article deals with development and trends of government expenditure in the core European Union member states (EU15) in a period 1995-2010. The aim is to provide direct empirical evidence on cyclicality and the long-term and short-term relationship between government expenditure and GDP. Adjusted annual Eurostat data of GDP and government expenditure in compliance with the COFOG international standard are estimated. The Johansen cointegration test and the Error Correction Model are applied to the examining. Research confirms procyclical development of government expenditure functions on GDP; it means that governments do not use government expenditure as a countercyclical fiscal tool. On the contrary, findings verify existence of Wagner´s Law in theEU15 in selected period. However, the results document significant differences in importance of public sector and a priority of government expenditure functions in individual countries.

Druh

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

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název periodika

Ekonomista

ISSN

0013-3205

e-ISSN

—

Svazek periodika

Neuvedeno

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

18

Strana od-do

865-882

Kód UT WoS článku

—

EID výsledku v databázi Scopus

—