Naslov
The Size and Determinants of Fiscal Multipliers in Western Balkans: Comparing Croatia, Slovenia and Serbiaand Serbia
(The Size and Determinants of Fiscal Multipliers in Western Balkans: Comparing Croatia, Slovenia and Serbia)

Autori
Deskar-Škrbić, Milan ; Šimović, Hrvoje

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 1st International Conference "European Fiscal Dialog 2015: Current Issues of Fiscal Policy" / Hamerníková, Bojka ; Hakenová, Helena - Prag : NEWTON College, a.s., 2015, 7-25

ISBN
978-80-87325-05-6

Skup
1st International Conference European Fiscal Dialog 2015: Current Issues of Fiscal Policy

Mjesto i datum
Prag, Češka Republika, 25.09.2015

Vrsta sudjelovanja
Pozvano predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
fiscal multipliers; Western Balkans; SVAR; bucket approach

Sažetak
When estimating the size of fiscal multipliers one has to take into consideration various structural characteristics of economies which, directly or indirectly, affect the transmission from government stimuli to economic activity. Thus, in this paper we use a ‘bucket approach’ to determination of the size of fiscal multipliers, which enables us to make presumptions on the size of fiscal multipliers, given the structural characteristics of selected Western Balkan economies – Croatia, Slovenia and Serbia. After this ‘non-empirical’ approach we use structural VAR framework to test our hypothesis derived from the ‘bucket approach’. Our results confirmed the hypotheses on the relative size of the multipliers between these three peer countries, with Croatia having the highest spending multiplier and Slovenia the lowest one.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA