Distortionary Effects of Public Debt - Could Prolonged Deficit Period Have Impact on the Role of Fiscal Policy in Economic Growth?

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

Distortionary Effects of Public Debt - Could Prolonged Deficit Period Have Impact on the Role of Fiscal Policy in Economic Growth?

Popis výsledku v původním jazyce

This article focuses on the potential distorting effect of long-lasting fiscal budget on impacts of budget components on economic growth. Aim of this paper is to investigate if there are any differences in relations from government expenditures and revenues to economic growth between fiscal healthy countries and relatively jeopardized ones. For this purpose was employed extended neoclassical growth model with budget components. Estimations were using the panel data regression with cross-section effects.The sample consists of EU-28 in period from 1996 to 2014 and was split into the weak and the strong sub-samples according to a criterion of long-term deficit. Results suggest that prolonged period of higher deficit creates significant differences in budget components effects on the economic growth. While fiscally weaker countries had significant negative effects of interest payable, social contribution and taxes on production and import other than VAT, the stronger does not. The positiv

Název v anglickém jazyce

Distortionary Effects of Public Debt - Could Prolonged Deficit Period Have Impact on the Role of Fiscal Policy in Economic Growth?

Popis výsledku anglicky

This article focuses on the potential distorting effect of long-lasting fiscal budget on impacts of budget components on economic growth. Aim of this paper is to investigate if there are any differences in relations from government expenditures and revenues to economic growth between fiscal healthy countries and relatively jeopardized ones. For this purpose was employed extended neoclassical growth model with budget components. Estimations were using the panel data regression with cross-section effects.The sample consists of EU-28 in period from 1996 to 2014 and was split into the weak and the strong sub-samples according to a criterion of long-term deficit. Results suggest that prolonged period of higher deficit creates significant differences in budget components effects on the economic growth. While fiscally weaker countries had significant negative effects of interest payable, social contribution and taxes on production and import other than VAT, the stronger does not. The positiv

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

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

ISBN

978-80-248-3796-3

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

396-405

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

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