Quality of Public Finance and Economic Growth in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F16%3A00010713" target="_blank" >RIV/47813059:19520/16:00010713 - isvavai.cz</a>

Výsledek na webu

<a href="https://acta.mendelu.cz/64/4/1373/" target="_blank" >https://acta.mendelu.cz/64/4/1373/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.11118/actaun201664041373" target="_blank" >10.11118/actaun201664041373</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Quality of Public Finance and Economic Growth in the Czech Republic

Popis výsledku v původním jazyce

Quality of public finances belongs to a key policy challenge as its improvement should lead to a long-term economic growth. The aim of the paper is to investigate if the key channels and tools used by the public finance (structure of revenue system, size of the government and composition of expenditure, level and sustainability of fiscal position) affect economic growth in the Czech Republic in the period 1995-2013. The empirical model is based on the methodology of Barro and Sala-i-Martin (2003) and the model of Mankiw et al. (1992) which is adapted to the framework of this study. The results of dynamic regressions suggest that economic growth is affected by public finance variables only partly and traditional sources of economic growth (human capital or openness) play bigger role. Provided evidence shows that total tax burden as well as the structure of revenue system (especially implicit tax rates on labour and consumption) should be primarily used as tools for maintain macroeconomi c objectives. On the contrary, changes in size and composition of expenditure, balance and debt report not statistically significant impact.

Název v anglickém jazyce

Quality of Public Finance and Economic Growth in the Czech Republic

Popis výsledku anglicky

Quality of public finances belongs to a key policy challenge as its improvement should lead to a long-term economic growth. The aim of the paper is to investigate if the key channels and tools used by the public finance (structure of revenue system, size of the government and composition of expenditure, level and sustainability of fiscal position) affect economic growth in the Czech Republic in the period 1995-2013. The empirical model is based on the methodology of Barro and Sala-i-Martin (2003) and the model of Mankiw et al. (1992) which is adapted to the framework of this study. The results of dynamic regressions suggest that economic growth is affected by public finance variables only partly and traditional sources of economic growth (human capital or openness) play bigger role. Provided evidence shows that total tax burden as well as the structure of revenue system (especially implicit tax rates on labour and consumption) should be primarily used as tools for maintain macroeconomi c objectives. On the contrary, changes in size and composition of expenditure, balance and debt report not statistically significant impact.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

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

—

Svazek periodika

64

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

9

Strana od-do

1373-1381

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-84990990442