PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086832" target="_blank" >RIV/61989100:27510/13:86086832 - isvavai.cz</a>
Výsledek na webu
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DOI - Digital Object Identifier
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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD
Popis výsledku v původním jazyce
In connection with the recent financial and debt crisis, the debate about the influence of government spending on economic growth has deepened. The primary aim of this paper is thus to examine the influence of both, productive (investment) and unproductive (consumption) government expenditure on growth in the OECD in 2000-2010. The dynamic panel data analysis is performed using the GMM. The results show that, unlike the theoretical assumptions, the influence of both types of spending on economic growthis positive. If the unproductive part of the spending includes especially the social transfers, those raise the disposable income of households, the consumption and thus also the GDP per capita. In case of productive spending, the effect of its volatility on growth was proved to be negative. It can be concluded that instead of budget cuts, fiscal policy authorities should primarily try to avoid the changes and volatility of the investment spending.
Název v anglickém jazyce
PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD
Popis výsledku anglicky
In connection with the recent financial and debt crisis, the debate about the influence of government spending on economic growth has deepened. The primary aim of this paper is thus to examine the influence of both, productive (investment) and unproductive (consumption) government expenditure on growth in the OECD in 2000-2010. The dynamic panel data analysis is performed using the GMM. The results show that, unlike the theoretical assumptions, the influence of both types of spending on economic growthis positive. If the unproductive part of the spending includes especially the social transfers, those raise the disposable income of households, the consumption and thus also the GDP per capita. In case of productive spending, the effect of its volatility on growth was proved to be negative. It can be concluded that instead of budget cuts, fiscal policy authorities should primarily try to avoid the changes and volatility of the investment spending.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
AH - Ekonomie
OECD FORD obor
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Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2013
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Taxes in the World : 3rd International Scientific Conference : proceedings : [Ostravice, 12.-13.12.2013]
ISBN
978-80-248-3133-6
ISSN
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e-ISSN
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Počet stran výsledku
10
Strana od-do
103-112
Název nakladatele
VŠB-Technical University of Ostrava
Místo vydání
Ostrava
Místo konání akce
Ostravice
Datum konání akce
12. 12. 2013
Typ akce podle státní příslušnosti
EUR - Evropská akce
Kód UT WoS článku
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