SOCIAL EXPENDITURE: THEIR IMPACT ON THE 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

SOCIAL EXPENDITURE: THEIR IMPACT ON THE ECONOMIC GROWTH

Popis výsledku v původním jazyce

The aim of this article is to investigate the long term effect of social expenditure on economic growth in the EU15 countries. From a methodological point of view GMM model was used in the period 1980-2014. The model of growth included standard growth variables and fiscal variables. The revenue part of the budget was intercepted with the tax revenue and expenditure has been exploring through social spending. Social expenditure has been examined by the methodology of COFOG. The empirical analysis suggests that social spending affect economic growth negatively, especially in the first two years. This implies that social spending in these countries may be inefficiently used and the source of financing of these expenditures is probably inappropriate. Social spending thus plays the role of these countries more suitable institutional framework, but as a tool for achieving economic growth, it appears to be inappropriate.

Název v anglickém jazyce

SOCIAL EXPENDITURE: THEIR IMPACT ON THE ECONOMIC GROWTH

Popis výsledku anglicky

The aim of this article is to investigate the long term effect of social expenditure on economic growth in the EU15 countries. From a methodological point of view GMM model was used in the period 1980-2014. The model of growth included standard growth variables and fiscal variables. The revenue part of the budget was intercepted with the tax revenue and expenditure has been exploring through social spending. Social expenditure has been examined by the methodology of COFOG. The empirical analysis suggests that social spending affect economic growth negatively, especially in the first two years. This implies that social spending in these countries may be inefficiently used and the source of financing of these expenditures is probably inappropriate. Social spending thus plays the role of these countries more suitable institutional framework, but as a tool for achieving economic growth, it appears to be inappropriate.

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

Taxes in the world : proceedings of the 5th international scientific conference : December 10-11, 2015, Vienna, Austria

ISBN

978-80-905405-1-4

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

11-18

Název nakladatele

European Association Comenius

Místo vydání

[Rakousko]

Místo konání akce

Vídeň

Datum konání akce

10. 12. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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