Efficiency of Government Expenditure: A Comparison of OECD and EU Countries
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094844" target="_blank" >RIV/61989100:27510/15:86094844 - 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
Efficiency of Government Expenditure: A Comparison of OECD and EU Countries
Popis výsledku v původním jazyce
Classification of government expenditure can play an important role. Thearticle uses two kinds of classification of government spending a) traditional breakdown into productive and unproductive government spending, and b) into individualand collective services. Therefore, the aim of this article is to investigate the role ofthe classification of government expenditure in the case of their impact on economicgrowth. Empirical analysis is focused on both the OECD and EU countries and theircomparison in the period 2000-2012. From a methodological point of view, GMMestimator is used. The results of empirical analyses show that in case of the traditionalbreakdown of government expenditure, the impact of productive expenditure on economicgrowth is negative in OECD countries and not significant in EU countries.However, in case of the classification of government expenditure on individual andcollective services, results confirm that individual services affect economic growthnegative and collective services promote economic growth, as the expenditure on collectiveservices also includes spending on R&D unlike unproductive spending e.g. incase of expenditure on education.
Název v anglickém jazyce
Efficiency of Government Expenditure: A Comparison of OECD and EU Countries
Popis výsledku anglicky
Classification of government expenditure can play an important role. Thearticle uses two kinds of classification of government spending a) traditional breakdown into productive and unproductive government spending, and b) into individualand collective services. Therefore, the aim of this article is to investigate the role ofthe classification of government expenditure in the case of their impact on economicgrowth. Empirical analysis is focused on both the OECD and EU countries and theircomparison in the period 2000-2012. From a methodological point of view, GMMestimator is used. The results of empirical analyses show that in case of the traditionalbreakdown of government expenditure, the impact of productive expenditure on economicgrowth is negative in OECD countries and not significant in EU countries.However, in case of the classification of government expenditure on individual andcollective services, results confirm that individual services affect economic growthnegative and collective services promote economic growth, as the expenditure on collectiveservices also includes spending on R&D unlike unproductive spending e.g. incase of expenditure on education.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
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OECD FORD obor
50201 - Economic Theory
Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2015
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
Mathematical Methods in Economics, MME 2015 : 33rd international conference : conference proceedings : Cheb, Czech Republic, September 9-11, 2015
ISBN
978-80-261-0539-8
ISSN
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e-ISSN
neuvedeno
Počet stran výsledku
6
Strana od-do
478-483
Název nakladatele
University of West Bohemia
Místo vydání
Plzeň
Místo konání akce
Cheb
Datum konání akce
9. 9. 2015
Typ akce podle státní příslušnosti
EUR - Evropská akce
Kód UT WoS článku
000387898900082