Uncertainty or Level of Government Expenditure - What Is More Harmful for Economy?

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Uncertainty or Level of Government Expenditure - What Is More Harmful for Economy?

Popis výsledku v původním jazyce

In these days, many developed countries are experiencing fiscal changes. It is there-fore necessary to examine the various effects of fiscal policy. Current economic lit-erature often examines the influence of fiscal variables on economic growth, but theinfluence of volatility of these variables is less frequently dealt with. The gov-ernment expenditure uncertainty may even represent a much more problematic factor than the level of expenditure. The aim of this paper is thus to describe the ef-fect of government expenditure on long-term economic growth with a special em-phasis on the impact of volatility of government expenditure. To ensure the com-prehensiveness of the model, both government expenditure and tax burden are in-vestigated. The taxation is measured not only using a standard tax quota, but also an alternative World Tax Index.The empirical analysis in this article is based on a dynamic panel model which uses data for OECD countries for 2000-2010. The results confirm the ass

Název v anglickém jazyce

Uncertainty or Level of Government Expenditure - What Is More Harmful for Economy?

Popis výsledku anglicky

In these days, many developed countries are experiencing fiscal changes. It is there-fore necessary to examine the various effects of fiscal policy. Current economic lit-erature often examines the influence of fiscal variables on economic growth, but theinfluence of volatility of these variables is less frequently dealt with. The gov-ernment expenditure uncertainty may even represent a much more problematic factor than the level of expenditure. The aim of this paper is thus to describe the ef-fect of government expenditure on long-term economic growth with a special em-phasis on the impact of volatility of government expenditure. To ensure the com-prehensiveness of the model, both government expenditure and tax burden are in-vestigated. The taxation is measured not only using a standard tax quota, but also an alternative World Tax Index.The empirical analysis in this article is based on a dynamic panel model which uses data for OECD countries for 2000-2010. The results confirm the ass

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mathematical Methods in Economics, MME 2014 : 32nd international conference : September 10-12, 2014, Olomouc, Czech Republic : conference proceedings

ISBN

978-80-244-4209-9

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

477-482

Název nakladatele

Palacký University

Místo vydání

Olomouc

Místo konání akce

Olomouc

Datum konání akce

10. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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