The Appropriate Mix of Government Spending and Taxation: How to Promote Economic Growth?

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

The Appropriate Mix of Government Spending and Taxation: How to Promote Economic Growth?

Popis výsledku v původním jazyce

Nowadays, it is necessary to examine appropriate fiscal policy so that it supports economic growth while being sustainable. Therefore the aim of the paper is to find out what is the effect of different types of government spending and taxes on economic growth in developed economies. From a methodological point of view, panel data estimation is used for 27 OECD countries in the period 1997-2011. Model includes particular types of government spending, taxes revenue and state budget deficit. The results ofthe analysis show that only spending on defense, education and health, and general public services have positive effect on economic growth. In addition, we show that improve of unproductive government spending through revenue from direct taxes negatively affects the growth.

Název v anglickém jazyce

The Appropriate Mix of Government Spending and Taxation: How to Promote Economic Growth?

Popis výsledku anglicky

Nowadays, it is necessary to examine appropriate fiscal policy so that it supports economic growth while being sustainable. Therefore the aim of the paper is to find out what is the effect of different types of government spending and taxes on economic growth in developed economies. From a methodological point of view, panel data estimation is used for 27 OECD countries in the period 1997-2011. Model includes particular types of government spending, taxes revenue and state budget deficit. The results ofthe analysis show that only spending on defense, education and health, and general public services have positive effect on economic growth. In addition, we show that improve of unproductive government spending through revenue from direct taxes negatively affects the growth.

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

Vision 2020: Sustainable Growth, Economic Development, and Global Competitiveness - Proceedings of the 23rd International Business Information Management Association Conference, IBIMA 2014

ISBN

978-0-9860419-2-1

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

1882-1890

Název nakladatele

IBIMA

Místo vydání

Norristown

Místo konání akce

Valencia

Datum konání akce

13. 5. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000339308100193