Fiscal Policy and Economic Growth: a Special Focus on Social Expenditure

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094848" target="_blank" >RIV/61989100:27510/15:86094848 - isvavai.cz</a>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Fiscal Policy and Economic Growth: a Special Focus on Social Expenditure

Popis výsledku v původním jazyce

The aim of this article is to determine the long term effect of social spending on economic growth in the OECD countries. From a methodological point of view GMM model was used in the period 1980-2014. The growth model includes standard variables of growth and fiscal variables, i.e. tax revenues and social expenditure. The empirical results show, that social spending has a positive effect on economic growth, with a year's delay, but this effect is negative in next years. Main conclusion therefore is that social expenditure can, under certain circumstances, increase economic growth, but it is only a short-term effect. A certain level of social spending is necessary for the functioning of the economy, but they not appear to be a suitable instrument for directly stimulating long-term growth.

Název v anglickém jazyce

Fiscal Policy and Economic Growth: a Special Focus on Social Expenditure

Popis výsledku anglicky

The aim of this article is to determine the long term effect of social spending on economic growth in the OECD countries. From a methodological point of view GMM model was used in the period 1980-2014. The growth model includes standard variables of growth and fiscal variables, i.e. tax revenues and social expenditure. The empirical results show, that social spending has a positive effect on economic growth, with a year's delay, but this effect is negative in next years. Main conclusion therefore is that social expenditure can, under certain circumstances, increase economic growth, but it is only a short-term effect. A certain level of social spending is necessary for the functioning of the economy, but they not appear to be a suitable instrument for directly stimulating long-term growth.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 13th International Conference "ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES"

ISBN

978-80-248-3796-3

ISSN

—

e-ISSN

—

Počet stran výsledku

6

Strana od-do

787-792

Název nakladatele

Vysoká škola báňská - Technická univerzita Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

2. 9. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—