Economic Growth in the EU Countries: Do Institutional Settings and Macroeconomic Policies Matter?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43888330" target="_blank" >RIV/62156489:43110/15:43888330 - 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

Economic Growth in the EU Countries: Do Institutional Settings and Macroeconomic Policies Matter?

Popis výsledku v původním jazyce

A controversy among academics about whether macroeconomic policies matter for economic growth leads to broad discussions. In this paper we focus on the argumentation of Acemoglu et al. (2005) who state that macroeconomic policies explain economic growthsince they can be understood as proxies for institutions. The object of the paper is then to support the idea that macroeconomic policies, in particular, fiscal policy in our case influences the economic growth in particular institutional settings in theEU. In detail, regressions augmented with the interactions between fiscal policy tools and institutional settings are used to verify whether the policy influences economic growth directly or whether institutions are the driving forces giving the direction to fiscal policy. Moreover, employing the panel data allows for the explanation of both cross-country differences in economic growth as well as of the evolution of economic growth over time in these countries. We conclude that institut

Název v anglickém jazyce

Economic Growth in the EU Countries: Do Institutional Settings and Macroeconomic Policies Matter?

Popis výsledku anglicky

A controversy among academics about whether macroeconomic policies matter for economic growth leads to broad discussions. In this paper we focus on the argumentation of Acemoglu et al. (2005) who state that macroeconomic policies explain economic growthsince they can be understood as proxies for institutions. The object of the paper is then to support the idea that macroeconomic policies, in particular, fiscal policy in our case influences the economic growth in particular institutional settings in theEU. In detail, regressions augmented with the interactions between fiscal policy tools and institutional settings are used to verify whether the policy influences economic growth directly or whether institutions are the driving forces giving the direction to fiscal policy. Moreover, employing the panel data allows for the explanation of both cross-country differences in economic growth as well as of the evolution of economic growth over time in these countries. We conclude that institut

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/7E12049" target="_blank" >7E12049: Welfare, Wealth and Work for Europe</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

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 12th International Scientific Conference: Economic Policy in the European Union Member Countries

ISBN

978-80-7510-114-3

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

270-277

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Karviná

Místo konání akce

Ostravice

Datum konání akce

16. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000366004300029