THE INFLUENCE OF FISCAL POLICY ON ECONOMIC GROWTH: THE ROLE OF FISCAL DEFICIT

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86092244" target="_blank" >RIV/61989100:27510/14:86092244 - isvavai.cz</a>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

THE INFLUENCE OF FISCAL POLICY ON ECONOMIC GROWTH: THE ROLE OF FISCAL DEFICIT

Popis výsledku v původním jazyce

Fiscal policy makers have been facing to new challenges in recent years, especially in EU countries after financial crisis. This is happening in faith that fiscal deficit and fiscal stance have to be sustainable in long term; otherwise, it will have a negative impact on the economic growth. Therefore the aim of this paper is to examine impact of fiscal budget deficit on economic growth in EU 15 countries (excluding Greece) in period from 2000 to 2013. The deficit appears to be detrimental to growth. Theanalysis which follows methodology of omitted fiscal variables has been employed to find out other nexus. Results suggest that the role of fiscal deficit might be depended on the process of its creation. If deficit increases as result of tax cut, then appears to have positive effect, while raising deficit by government expenditures is negative influence on economic growth.

Název v anglickém jazyce

THE INFLUENCE OF FISCAL POLICY ON ECONOMIC GROWTH: THE ROLE OF FISCAL DEFICIT

Popis výsledku anglicky

Fiscal policy makers have been facing to new challenges in recent years, especially in EU countries after financial crisis. This is happening in faith that fiscal deficit and fiscal stance have to be sustainable in long term; otherwise, it will have a negative impact on the economic growth. Therefore the aim of this paper is to examine impact of fiscal budget deficit on economic growth in EU 15 countries (excluding Greece) in period from 2000 to 2013. The deficit appears to be detrimental to growth. Theanalysis which follows methodology of omitted fiscal variables has been employed to find out other nexus. Results suggest that the role of fiscal deficit might be depended on the process of its creation. If deficit increases as result of tax cut, then appears to have positive effect, while raising deficit by government expenditures is negative influence on economic growth.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

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

—

e-ISSN

—

Počet stran výsledku

10

Strana od-do

1-10

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

—