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Pregled bibliografske jedinice broj: 970400

External Competitiveness and the Role of Fiscal Policy: Does fiscal austerity matter?


Cota, Boris; Erjavec, Nataša; Mačkić, Velibor
External Competitiveness and the Role of Fiscal Policy: Does fiscal austerity matter? // Book of Abstracts 17th International Conference on Operational Research / Arnerić, J. ; Čeh Časni, A. (ur.).
Zagreb: Hrvatsko društvo za operacijska istraživanja (CRORS), 2018. str. 116-117 (predavanje, međunarodna recenzija, sažetak, znanstveni)


CROSBI ID: 970400 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
External Competitiveness and the Role of Fiscal Policy: Does fiscal austerity matter?

Autori
Cota, Boris ; Erjavec, Nataša ; Mačkić, Velibor

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Book of Abstracts 17th International Conference on Operational Research / Arnerić, J. ; Čeh Časni, A. - Zagreb : Hrvatsko društvo za operacijska istraživanja (CRORS), 2018, 116-117

Skup
17th International Conference on Operational Research (KOI 2018)

Mjesto i datum
Zadar, Hrvatska, 26.09.2018. - 28.09.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
external competitiveness, new EU member states, fiscal consolidation, panel data analysis, export

Sažetak
During and after the sovereign debt crisis that hit most of the EU member states after the Great Recession the question of the effectiveness of fiscal policy vis-à-vis ensuring sustainable growth rates and changing the economic structure of member states has been highly debated. Accordingly, this paper investigates the effects of shocks in government purchases and net taxes on the export competitiveness of the 11 new EU member states: Bulgaria, Czech Republic, Estonia, Croatia, Latvia, Lithuania, Hungary, Poland, Romania, Slovenia and Slovakia. The countries are treated as a homogenous sample, but the empirical analysis extends beyond this. Namely, the paper examines two subsamples based on the exchange rate regimes of the 11 new EU member states: the fixed vs flexible exchange rate regime. By applying panel VAR analysis, over 1999-2015 period, we report following conclusions. First, fiscal austerity influences the level of exports in our sample. Second, the effects of shocks in fiscal policy on the level of exports are short-lived. Third, shocks in government purchases are the most important determinant in the total and in the fixed exchange rate countries sample. And fourth, shocks in net taxes influence the level of export only in the countries that have the flexible exchange rate regimes. Our results contribute to the literature that examines the effects of fiscal policy on the competitiveness of national economies by highlighting both the duration effect of fiscal policy on the level of export and also by pointing to the optimal economic instrument used with respect to the currency arrangement of the country.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
IP-2014-09-5476 - Uloga strukturnih reformi u poticanju vanjske konkurentnosti zemalja Europske unije (ROSPEC) (Cota, Boris, HRZZ - 2014-09) ( CroRIS)

Ustanove:
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Nataša Erjavec (autor)

Avatar Url Velibor Mačkić (autor)

Avatar Url Boris Cota (autor)


Citiraj ovu publikaciju:

Cota, Boris; Erjavec, Nataša; Mačkić, Velibor
External Competitiveness and the Role of Fiscal Policy: Does fiscal austerity matter? // Book of Abstracts 17th International Conference on Operational Research / Arnerić, J. ; Čeh Časni, A. (ur.).
Zagreb: Hrvatsko društvo za operacijska istraživanja (CRORS), 2018. str. 116-117 (predavanje, međunarodna recenzija, sažetak, znanstveni)
Cota, B., Erjavec, N. & Mačkić, V. (2018) External Competitiveness and the Role of Fiscal Policy: Does fiscal austerity matter?. U: Arnerić, J. & Čeh Časni, A. (ur.)Book of Abstracts 17th International Conference on Operational Research.
@article{article, author = {Cota, Boris and Erjavec, Nata\v{s}a and Ma\v{c}ki\'{c}, Velibor}, year = {2018}, pages = {116-117}, keywords = {external competitiveness, new EU member states, fiscal consolidation, panel data analysis, export}, title = {External Competitiveness and the Role of Fiscal Policy: Does fiscal austerity matter?}, keyword = {external competitiveness, new EU member states, fiscal consolidation, panel data analysis, export}, publisher = {Hrvatsko dru\v{s}tvo za operacijska istra\v{z}ivanja (CRORS)}, publisherplace = {Zadar, Hrvatska} }
@article{article, author = {Cota, Boris and Erjavec, Nata\v{s}a and Ma\v{c}ki\'{c}, Velibor}, year = {2018}, pages = {116-117}, keywords = {external competitiveness, new EU member states, fiscal consolidation, panel data analysis, export}, title = {External Competitiveness and the Role of Fiscal Policy: Does fiscal austerity matter?}, keyword = {external competitiveness, new EU member states, fiscal consolidation, panel data analysis, export}, publisher = {Hrvatsko dru\v{s}tvo za operacijska istra\v{z}ivanja (CRORS)}, publisherplace = {Zadar, Hrvatska} }




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