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  • The goal of the paper is to examine the trends of government expenditure in the core member states of the European Union (EU15) in a period 1995-2010. Government expenditure and factors of their growth are a serious problem of many countries. Concurrently, government expenditure is an important tool for national governments to mitigate the uneven economic development and economic shocks across individual countries as a potential automatic stabilizer. The paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government expenditure in compliance with the COFOG international standard and output. The Johansen cointegration test and the error correction model are used for analysis. The results state significant differences in size and importance of public sector in the selected countries. Research confirms cyclical development of government expenditure on GDP and Wagner´s law in EU15 member states during 1995-2010.
  • The goal of the paper is to examine the trends of government expenditure in the core member states of the European Union (EU15) in a period 1995-2010. Government expenditure and factors of their growth are a serious problem of many countries. Concurrently, government expenditure is an important tool for national governments to mitigate the uneven economic development and economic shocks across individual countries as a potential automatic stabilizer. The paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government expenditure in compliance with the COFOG international standard and output. The Johansen cointegration test and the error correction model are used for analysis. The results state significant differences in size and importance of public sector in the selected countries. Research confirms cyclical development of government expenditure on GDP and Wagner´s law in EU15 member states during 1995-2010. (en)
Title
  • Trends of government expenditure in the EU15.
  • Trends of government expenditure in the EU15. (en)
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  • Trends of government expenditure in the EU15.
  • Trends of government expenditure in the EU15. (en)
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  • RIV/47813059:19520/12:#0002155!RIV13-GA0-19520___
http://linked.open...avai/riv/aktivita
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  • P(GAP403/11/2073)
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  • 175083
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  • RIV/47813059:19520/12:#0002155
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  • government expenditure, cyclicality, voracity effect, Wagner´s law, COFOG classification (en)
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  • [236951E943AC]
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  • Vendryně
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  • Karviná
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  • Sborník příspěvků X. mezinárodní vědecké konference Hospodářská politika v členských zemích Evropské unie.
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  • Szarowská, Irena
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  • Slezská univerzita v Opavě. Obchodně podnikatelská fakulta v Karviné
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  • 978-80-7248-780-6
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  • 19520
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