Pregled bibliografske jedinice broj: 928972
The impact of public expenditures on economic growth in the post transition countries of the European Union - panel data analysis
The impact of public expenditures on economic growth in the post transition countries of the European Union - panel data analysis // Book of Proceedings: 27th International Scientific Conference on Economic and Social Development / Beros, Marta Bozina ; Recker, Nicholas ; Kozina, Melita (ur.).
Varaždin : Varšava: Varazdin Development and Entrepreneurship Agency ; Faculty of Management University Warsaw ; University North, Koprivnica, 2018. str. 897-905 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
The impact of public expenditures on economic growth in the post transition countries of the European Union - panel data analysis
Autori
Burnać, Paško ; Muštra, Vinko ; Šimić, Vladimir
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Book of Proceedings: 27th International Scientific Conference on Economic and Social Development
/ Beros, Marta Bozina ; Recker, Nicholas ; Kozina, Melita - Varaždin : Varšava : Varazdin Development and Entrepreneurship Agency ; Faculty of Management University Warsaw ; University North, Koprivnica, 2018, 897-905
Skup
The 27th International Scientific Conference on Economic and Social Development
Mjesto i datum
Rim, Italija, 01.03.2018. - 02.03.2018
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
fiscal policy, economic growth, public expenditures, productive expenditures, unproductive expenditures, panel analysis
Sažetak
The endogenous growth models (Lucas and Romer) represent the theoretical basis for the study of the impact of fiscal policy on economic growth. Using their findings, Barro has created a model explaining how fiscal policy can affect the rate of GDP growth. In defining this impact he uses: productive and unproductive expenditures, and distortionary and non-distortionary taxation. The findings on the impact of fiscal policy on economic growth vary depending on the sample of countries, the period under investigation, the methods of analysis used as well as the used fiscal variables. Recent research using panel data shows that the impact of fiscal policy on economic growth is significant, but the direction of this influence is often ambiguous. Therefore, the main goal of this study is to determine the direction and intensity of the impact of public expenditures on economic growth in the post-transition countries of the EU. In order to achieve this goal, an empirical model is estimated using dynamic panel analysis on a sample of eleven countries. Empirical analysis identifies the capital expenditure (public investment) and expenditure on education as productive public expenditures.
Izvorni jezik
Engleski
