About: Relationship between government spending and economic growth in the Czech Republic

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	This article aims to provide direct empirical evidence on business cycle relations between government spending and economic growth in the Czech Republic. We analyzed annual data on government spending in compliance with the COFOG international standard. We use cross-correlation on cyclically filtered adjusted time series over the period 1995-2008. The cyclical properties of GDP and government spending func-tion were, in average, found as weakly correlated. However, we report considerable differences in correlations across the spending functions. The lowest correlation coefficient (0.06) was found for recreation, culture and religion and the highest av-erage was reported for economic affairs (-0.51). As regards to using government spending as the stabilizer, total government spending, general public services, de-fense, economic affairs and education spending were negative correlated and it confirms countercyclical relation between these spending functions and GDP. This article aims to provide direct empirical evidence on business cycle relations between government spending and economic growth in the Czech Republic. We analyzed annual data on government spending in compliance with the COFOG international standard. We use cross-correlation on cyclically filtered adjusted time series over the period 1995-2008. The cyclical properties of GDP and government spending func-tion were, in average, found as weakly correlated. However, we report considerable differences in correlations across the spending functions. The lowest correlation coefficient (0.06) was found for recreation, culture and religion and the highest av-erage was reported for economic affairs (-0.51). As regards to using government spending as the stabilizer, total government spending, general public services, de-fense, economic affairs and education spending were negative correlated and it confirms countercyclical relation between these spending functions and GDP. (en)
Title	Relationship between government spending and economic growth in the Czech Republic Relationship between government spending and economic growth in the Czech Republic (en)
skos:prefLabel	Relationship between government spending and economic growth in the Czech Republic Relationship between government spending and economic growth in the Czech Republic (en)
skos:notation	RIV/47813059:19520/11:#0001435!RIV12-GA0-19520___
http://linked.open...avai/predkladatel	Obchodně podnikatelská fakulta v Karviné
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(GAP403/11/2073)
http://linked.open...iv/cisloPeriodika	7
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Szarowská, Irena
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Slezská univerzita v Opavě / Obchodně podnikatelská fakulta v Karviné
http://linked.open...dnocenehoVysledku	226393
http://linked.open...ai/riv/idVysledku	RIV/47813059:19520/11:#0001435
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	government spending, cyclicality, economic growth, correlation, cointegration (en)
http://linked.open.../riv/klicoveSlovo	correlation cyclicality economic growth cointegration government spending
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[1BA4EDA064DE]
http://linked.open...i/riv/nazevZdroje	Acta Universitatis Agriculturae et Silviculturae Mendeleianae Brunensis
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Procyclicality of financial markets, asset price bubbles and macroprudential regulation
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	59
http://linked.open...iv/tvurceVysledku	Szarowská, Irena
issn	1211-8516
number of pages	7 (xsd:int)
http://localhost/t...ganizacniJednotka	19520
is http://linked.open...avai/riv/vysledek of	Relationship between government spending and economic growth in the Czech Republic Relationship between government spending and economic growth in the Czech Republic

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