Pregled bibliografske jedinice broj: 486841
The effect of fiscal deficit on interest rate in Republic of Croatia
The effect of fiscal deficit on interest rate in Republic of Croatia // Fifth international conference of the school of economics and business in Sarajevo (ICES 2010) : Economic Development Perspectives of SEE Region in the Global Recession Context : conference proceedings / Trivun, Veljko (ur.).
Sarajevo: Ekonomski fakultet Univerziteta u Sarajevu, 2010. str. 1-16 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
CROSBI ID: 486841 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
The effect of fiscal deficit on interest rate in Republic of Croatia
Autori
Krtalić, Sandra ; Benazić, Manuel
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Fifth international conference of the school of economics and business in Sarajevo (ICES 2010) : Economic Development Perspectives of SEE Region in the Global Recession Context : conference proceedings
/ Trivun, Veljko - Sarajevo : Ekonomski fakultet Univerziteta u Sarajevu, 2010, 1-16
ISBN
978-9958-25-046-0
Skup
International conference of the school of economics and business "Economic Development Perspectives of SEE Region in the Global Recession Context" (5 ; 2010)
Mjesto i datum
Sarajevo, Bosna i Hercegovina, 14.10.2010. - 15.10.2010
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
fiscal deficit; interest rate; crowding out effect; Croatia; VAR model
Sažetak
A large number of governments experience fiscal deficits for different reasons. The growing discrepancy between government revenues and expenditures accents the deficits of the whole public sector even more, influencing therefore the growing trend of internal and external indebtness. A fiscal deficit may have different economic consequences evidenced in rising interest rates, reduced investment, national currency appreciation, private investment crowding out, national and private savings cut, export crowding out and similar. Although theory offered an extensive number of arguments for these and opposite points of view, research in this field didn't show any empirical results for neither perspective. Estimating a VAR model the authors will test the effect of consolidated general government budget deficit on the interest rate in Croatia. The Granger casuality will show the direction and amplitude of such effect, while the impulse response analysis will show the influence of the budget deficit increment on the interest rate.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
303-0000000-2592 - Koliko države ili kakav sustav javnih financija treba Hrvatskoj u 21. stoljeću? (Krtalić, Sandra, MZOS ) ( CroRIS)
Ustanove:
Sveučilište Jurja Dobrile u Puli
