Impact of the deficit creation on the economic growth: Empirical analysis for EU 14 countries

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

Impact of the deficit creation on the economic growth: Empirical analysis for EU 14 countries

Popis výsledku v původním jazyce

Many countries struggle with similar fiscal problems. Therefore, there is a pressing need to look for measures that are not only able to decrease the public debt and but at the same time do not limit the economic growth. The aim of this article is to assess the impact of the fiscal deficit creation according to the chosen main budget components divided by the economic classification and based on these findings the possible solutions of the current problems will be suggested. The empirical analysis is based on a dynamic panel model, in which the data for the EU 14 countries in the period of 2002-2013 are used. Our findings suggest that deficit decreasing by the changes in debt service has the strongest positive effect among all estimates. Actually, every expenditure cut other than public investment is recommended. On the revenues side, we do not consider the growth of indirect taxes to be appropriate. However, increase in direct taxes leading to deficit decrease could slightly support t

Název v anglickém jazyce

Impact of the deficit creation on the economic growth: Empirical analysis for EU 14 countries

Popis výsledku anglicky

Many countries struggle with similar fiscal problems. Therefore, there is a pressing need to look for measures that are not only able to decrease the public debt and but at the same time do not limit the economic growth. The aim of this article is to assess the impact of the fiscal deficit creation according to the chosen main budget components divided by the economic classification and based on these findings the possible solutions of the current problems will be suggested. The empirical analysis is based on a dynamic panel model, in which the data for the EU 14 countries in the period of 2002-2013 are used. Our findings suggest that deficit decreasing by the changes in debt service has the strongest positive effect among all estimates. Actually, every expenditure cut other than public investment is recommended. On the revenues side, we do not consider the growth of indirect taxes to be appropriate. However, increase in direct taxes leading to deficit decrease could slightly support t

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

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

Online Conference Proceedings - 9th International Days of Statistics and Economics

ISBN

978-80-87990-06-3

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

1159-1168

Název nakladatele

Melandrium

Místo vydání

Slaný

Místo konání akce

Praha

Datum konání akce

10. 9. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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