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financial crises affect growth. We find that economic growth is lower in the presence of more volatile fiscal policy. Moreover …
Persistent link: https://www.econbiz.de/10010533736
We study the relevance of fiscal rules for growth in an EU panel. Our results show that they foster growth, while … stricter fiscal rules mitigate the adverse impact on growth from big governments. Moreover, more recent EU member states have …
Persistent link: https://www.econbiz.de/10010533737
We construct a growth model with an explicit government role, where more government resources reduce the optimal level …-2008, we use different proxies for government size and institutional quality. Our results, consistent with the presented growth … model, show a negative effect of the size of government on growth. Similarly, institutional quality has a positive impact on …
Persistent link: https://www.econbiz.de/10011605444
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels. Results for 185 countries show that while tax...
Persistent link: https://www.econbiz.de/10014543839
growth. Our results suggest the existence of weak evidence supporting causality from expenditures or revenues to GDP per …
Persistent link: https://www.econbiz.de/10010761900
We use a panel of 155 countries to assess the links between growth, productivity and government debt. Via growth … negative effect of the debt ratio. For the OECD, the higher the debt maturity the higher the economic growth; financial crisis … is detrimental for growth; fiscal consolidation promotes growth; and higher debt ratios are beneficial to TFP growth. The …
Persistent link: https://www.econbiz.de/10011048256
In an OCDE panel, for the period 1970–2010, we assess the effects of fiscal consolidation episodes, with four different definitions. Our results reveal that lower final government consumption increases private consumption in three out of the four approaches, when a fiscal consolidation occurs,...
Persistent link: https://www.econbiz.de/10011048744
We assess the fiscal-growth nexus with a large country panel, accounting for the usually encountered econometric … pitfalls. Our results show that revenues have no significant impact on growth whereas expenditures have negative effects. The … same is true for the OECD with the addition that government revenue has a negative impact on growth. Taxes on income are …
Persistent link: https://www.econbiz.de/10009645609
We assess the fiscal composition-growth nexus, using a large country panel, accounting for the usually encountered … econometric pitfalls. Our results show that revenues have no significant impact on growth whereas expenditures have negative … effects. The same is true for the OECD with the addition that government revenue has a negative impact on growth. From our …
Persistent link: https://www.econbiz.de/10011605563
On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011689958