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Development and the cyclicality of government spending in the Czech Republic
Szarowska, Irena - Volkswirtschaftliche Fakultät, … - 2011
This paper aims to provide direct empirical evidence on business cycle relations between GDP and government spending in the Czech Republic. Government spending plays an important role in a fiscal policy as a possible automatic stabilizer. We analyzed annual data on government spending in...
Persistent link: https://www.econbiz.de/10009223354
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Fiscal Consolidation: Part 5. What Factors Determine the Success of Consolidation Efforts?
Molnar, Margit - Economics Department, Organisation de Coopération et … - 2012
The global economic and financial crisis exacerbated the need for fiscal consolidation in many OECD countries. Drawing lessons from past episodes of fiscal consolidation, this paper investigates the economic environments, political settings and policy measures conducive to fiscal consolidation...
Persistent link: https://www.econbiz.de/10009393768
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Does legislative turnover adversely affect state expenditure policy? Evidence from Indian state elections
Uppal, Yogesh - Volkswirtschaftliche Fakultät, … - 2009
I examine the effect of legislative turnover on the size and composition of government expenditures in Indian state elections during 1980-2000. The paper finds that excessive turnover in Indian state elections results in an inefficient government expenditure policy. First, the higher the...
Persistent link: https://www.econbiz.de/10004980416
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Public spending and Wagner’s law in Central and Eastern European Countries
Szarowska, Irena - Volkswirtschaftliche Fakultät, … - 2012
This paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government spending and output in eight Central and Eastern European countries in a period 1995–2009. We analyzed annual data on government spending in compliance with the COFOG...
Persistent link: https://www.econbiz.de/10011109568
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Development and the cyclicality of government spending in the Czech Republic
Szarowska, Irena - Volkswirtschaftliche Fakultät, … - 2011
This paper aims to provide direct empirical evidence on business cycle relations between GDP and government spending in the Czech Republic. Government spending plays an important role in a fiscal policy as a possible automatic stabilizer. We analyzed annual data on government spending in...
Persistent link: https://www.econbiz.de/10011112440
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Myths and Facts about Fiscal Discretion: A New Measure of Discretionary Expenditure
Coricelli, Fabrizio; Fiorito, Riccardo - HAL - 2013
-2011. To identify the components of discretionary expenditure, we use the volatility and persistence properties of the …
Persistent link: https://www.econbiz.de/10011025677
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Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence
Gong, Liutang; Zou, Heng-fu - China Economics and Management Academy, Central … - 2011
This paper sets up a theoretical model linking the growth rate of the economy to the growth rate and volatility of … different government expenditures. On a theoretical basis, it is found that volatility in government spending can be positively … seems to have a negative effect on output growth. It is also very interesting to find that the rises in the volatility in …
Persistent link: https://www.econbiz.de/10009274608
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Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence
Gong, Liutang; Zou, Heng-fu - In: Annals of Economics and Finance 3 (2002) 2, pp. 379-406
This paper sets up a theoretical model linking the growth rate of the economy to the growth rate and volatility of … different government expenditures. On a theoretical basis, it is found that volatility in government spending can be positively … seems to have a negative effect on output growth. It is also very interesting to find that the rises in the volatility in …
Persistent link: https://www.econbiz.de/10009150750
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The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy
Jorda, Oscar; Taylor, Alan M. - National Bureau of Economic Research (NBER) - 2013
After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...
Persistent link: https://www.econbiz.de/10010969462
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Economic stabilization in the post-crisis world: Are fiscal rules the answer?
Bergman, U. Michael; Hutchison, Michael - In: Journal of International Money and Finance 52 (2015) C, pp. 82-101
We investigate whether fiscal rules help to reduce the extent of policy procyclicality—how government expenditure policy responds to GDP-- in a dynamic panel framework with 81 advanced, emerging and developing countries over 1985–2012. We construct two new fiscal rule indices and investigate...
Persistent link: https://www.econbiz.de/10011208910