The Interaction between Fiscal Policy and Economic Growth: Case of OECD Countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094860" target="_blank" >RIV/61989100:27510/15:86094860 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Interaction between Fiscal Policy and Economic Growth: Case of OECD Countries

Popis výsledku v původním jazyce

For the sustainable development of any company it is crucial to recognize macroeconomic performance and its changes. Without doubt, the economic development affects the gains and decision making of them. Cognition of the interaction between fiscal policyand economic growth can help companies to react more appropriately and faster, especially during current sovereign debt crisis. The aim of this paper is to describe the interaction between taxation, government expenditures, and economic growth and to find out how long these interactions persist in the economy of OECD members. To meet these goals a panel VAR model estimated by GMM is used to construct an impulse-response function. The analysis is performed for 34 OECD countries in the period between 2000 and 2012. The results show that it lasts approximately five years till the GDP growth rate returns to its initial level after a temporary fiscal shock. The impact of taxation is always in the opposite direction to the effect of governme

Název v anglickém jazyce

The Interaction between Fiscal Policy and Economic Growth: Case of OECD Countries

Popis výsledku anglicky

For the sustainable development of any company it is crucial to recognize macroeconomic performance and its changes. Without doubt, the economic development affects the gains and decision making of them. Cognition of the interaction between fiscal policyand economic growth can help companies to react more appropriately and faster, especially during current sovereign debt crisis. The aim of this paper is to describe the interaction between taxation, government expenditures, and economic growth and to find out how long these interactions persist in the economy of OECD members. To meet these goals a panel VAR model estimated by GMM is used to construct an impulse-response function. The analysis is performed for 34 OECD countries in the period between 2000 and 2012. The results show that it lasts approximately five years till the GDP growth rate returns to its initial level after a temporary fiscal shock. The impact of taxation is always in the opposite direction to the effect of governme

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

Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment

ISBN

978-9963-711-37-6

ISSN

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e-ISSN

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Počet stran výsledku

14

Strana od-do

976-989

Název nakladatele

EuroMed Press

Místo vydání

[Norsko]

Místo konání akce

Verona

Datum konání akce

16. 9. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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