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Pregled bibliografske jedinice broj: 880959

Fiscal multiplier determinants in the CESEE region


Deskar-Škrbić, Milan; Šimović, Hrvoje; Buljan, Antonija
Fiscal multiplier determinants in the CESEE region // Journal of management and financial sciences, 10 (2017), 29; 11-26 (međunarodna recenzija, članak, znanstveni)


CROSBI ID: 880959 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
Fiscal multiplier determinants in the CESEE region

Autori
Deskar-Škrbić, Milan ; Šimović, Hrvoje ; Buljan, Antonija

Izvornik
Journal of management and financial sciences (1899-8968) 10 (2017), 29; 11-26

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
fiscal multipliers ; CESEE region ; panel VAR

Sažetak
In this paper we use a panel VAR model with exogenous variables to analyze the effects of various structural characteristics of the economies on the effectiveness of government consumption in Central Eastern and Southeastern European region (CESEE). More precisely, we analyze the effects of government consumption on economic growth in this region, controlling for the effects of the size of the economy, level of public debt, level of tax burden, openness of the economy, rigidity of the labor market, monetary regime and the phase of the business cycle. Our results indicate that these characteristics have a significant impact on the effectiveness of fiscal policy (in terms of the size of fiscal multiplier). Also, these effects are in line with the theoretical assumptions as recessionary phase of the cycle, size of the economy, rigidity of the labor market and fixed exchange rate regime increase the average size of fiscal multipliers while tax burden, indebtedness and openness of the economies reduce the size of fiscal multiplier, when compared to the base model.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Znanstveni rezultati rada su prezentirani na skupu International Scientific Conference “Mechanisms of financial system stability in an unstable environment”, održanom 21.11.2016.g., na Ekonomskoj školi, Varšava, Poljska.



POVEZANOST RADA


Projekti:
HRZZ-IP-2013-11-8174 - Porezna politika i fiskalna konsolidacija u Hrvatskoj (TPFCC) (Blažić, Helena, HRZZ - 2013-11) ( POIROT)

Ustanove:
Ekonomski fakultet, Zagreb,
Ekonomski fakultet, Rijeka

Profili:

Avatar Url Hrvoje Šimović (autor)

Avatar Url Antonija Buljan (autor)

Avatar Url Milan Škrbić (autor)

Citiraj ovu publikaciju

Deskar-Škrbić, Milan; Šimović, Hrvoje; Buljan, Antonija
Fiscal multiplier determinants in the CESEE region // Journal of management and financial sciences, 10 (2017), 29; 11-26 (međunarodna recenzija, članak, znanstveni)
Deskar-Škrbić, M., Šimović, H. & Buljan, A. (2017) Fiscal multiplier determinants in the CESEE region. Journal of management and financial sciences, 10 (29), 11-26.
@article{article, year = {2017}, pages = {11-26}, keywords = {fiscal multipliers, CESEE region, panel VAR}, journal = {Journal of management and financial sciences}, volume = {10}, number = {29}, issn = {1899-8968}, title = {Fiscal multiplier determinants in the CESEE region}, keyword = {fiscal multipliers, CESEE region, panel VAR} }
@article{article, year = {2017}, pages = {11-26}, keywords = {fiscal multipliers, CESEE region, panel VAR}, journal = {Journal of management and financial sciences}, volume = {10}, number = {29}, issn = {1899-8968}, title = {Fiscal multiplier determinants in the CESEE region}, keyword = {fiscal multipliers, CESEE region, panel VAR} }




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