Government Expenditure and Economic Growth: Is This Relationship Determined by the Institutional Conditions?

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

Government Expenditure and Economic Growth: Is This Relationship Determined by the Institutional Conditions?

Popis výsledku v původním jazyce

The aim of this paper is to find out whether the influence of fiscal policy, with special focus on partial types of government expenditure, economic growth depending on the institutional conditions. From a methodological point of view, panel data estimation is used for 22 OECD countries (which are divided into two groups ? countries with high or low institutional conditions) in the period 1993-2012. The results of the analysis show that the impact of fiscal policy on economic growth is significantly determined by institutional conditions. In both groups of countries unproductive government expenditure and productive expenditure on general public services have negative impact on economic growth. Other productive expenditures have pro-growth influence oneconomic growth but only in case of countries with high institutional conditions. Conversely, in countries with low institutional conditions productive expenditures are harmful for economic growth because of inefficient use of these expe

Název v anglickém jazyce

Government Expenditure and Economic Growth: Is This Relationship Determined by the Institutional Conditions?

Popis výsledku anglicky

The aim of this paper is to find out whether the influence of fiscal policy, with special focus on partial types of government expenditure, economic growth depending on the institutional conditions. From a methodological point of view, panel data estimation is used for 22 OECD countries (which are divided into two groups ? countries with high or low institutional conditions) in the period 1993-2012. The results of the analysis show that the impact of fiscal policy on economic growth is significantly determined by institutional conditions. In both groups of countries unproductive government expenditure and productive expenditure on general public services have negative impact on economic growth. Other productive expenditures have pro-growth influence oneconomic growth but only in case of countries with high institutional conditions. Conversely, in countries with low institutional conditions productive expenditures are harmful for economic growth because of inefficient use of these expe

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

4th International Scientific Conference on Taxes in the World

ISBN

978-80-905405-0-7

ISSN

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e-ISSN

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Počet stran výsledku

14

Strana od-do

79-92

Název nakladatele

European Association Comenius

Místo vydání

[Rakousko]

Místo konání akce

Vídeň

Datum konání akce

11. 12. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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