Macro-fiscal volatility and the composition of public spending

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F11%3A00370925" target="_blank" >RIV/67985998:_____/11:00370925 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1111/j.1475-5890.2011.00149.x" target="_blank" >http://dx.doi.org/10.1111/j.1475-5890.2011.00149.x</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1111/j.1475-5890.2011.00149.x" target="_blank" >10.1111/j.1475-5890.2011.00149.x</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Macro-fiscal volatility and the composition of public spending

Popis výsledku v původním jazyce

Earlier empirical literature has examined some long- and medium-term aspects of macro-fiscal volatility while leaving its short-term fiscal impact unexplored. To help fill that gap, we examine the impact of macro-fiscal volatility on the composition of public spending. To that end, we analyse a panel of 10 EU countries during 1991?2007. Our results suggest that increases in the volatility of regularly-collected and cyclical revenues such as the VAT and income taxes tend to tilt the expenditure composition in favour of public investment. In contrast, increases in the volatility of ad hoc taxes such as capital taxes tend to favour public consumption spending, albeit only a little.

Název v anglickém jazyce

Macro-fiscal volatility and the composition of public spending

Popis výsledku anglicky

Earlier empirical literature has examined some long- and medium-term aspects of macro-fiscal volatility while leaving its short-term fiscal impact unexplored. To help fill that gap, we examine the impact of macro-fiscal volatility on the composition of public spending. To that end, we analyse a panel of 10 EU countries during 1991?2007. Our results suggest that increases in the volatility of regularly-collected and cyclical revenues such as the VAT and income taxes tend to tilt the expenditure composition in favour of public investment. In contrast, increases in the volatility of ad hoc taxes such as capital taxes tend to favour public consumption spending, albeit only a little.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/LC542" target="_blank" >LC542: Centrum pro pokročilá politicko-ekonomická studia</a><br>

Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2011

Kód důvěrnosti údajů

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

Název periodika

Fiscal Studies

ISSN

0143-5671

e-ISSN

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Svazek periodika

32

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

28

Strana od-do

511-538

Kód UT WoS článku

000297736500003

EID výsledku v databázi Scopus

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