About: Relatonship between economic performance and government expenditure in the Czech Republic

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	This chapter 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 chapter 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	Relatonship between economic performance and government expenditure in the Czech Republic Relatonship between economic performance and government expenditure in the Czech Republic (en)
skos:prefLabel	Relatonship between economic performance and government expenditure in the Czech Republic Relatonship between economic performance and government expenditure in the Czech Republic (en)
skos:notation	RIV/47813059:19520/12:#0002125!RIV13-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...vai/riv/dodaniDat	2013
http://linked.open...aciTvurceVysledku	Szarowská, Irena
http://linked.open.../riv/druhVysledku	C - Kapitola v knize
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	164884
http://linked.open...ai/riv/idVysledku	RIV/47813059:19520/12:#0002125
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	government expenditure, cyclicality, economic growth, correlation, cointegration (en)
http://linked.open.../riv/klicoveSlovo	correlation cyclicality economic growth cointegration government expenditure
http://linked.open...ontrolniKodProRIV	[E6CFAE95E5F4]
http://linked.open...i/riv/mistoVydani	Bučovice
http://linked.open...i/riv/nazevZdroje	Eurozone and Its Neighbors: The Third Year of Crisis
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...v/pocetStranKnihy	236 (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	2012
http://linked.open...iv/tvurceVysledku	Szarowská, Irena
number of pages	14 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Martin Stříž Publishing
https://schema.org/isbn	978-80-87106-60-0
http://localhost/t...ganizacniJednotka	19520
is http://linked.open...avai/riv/vysledek of	Relatonship between economic performance and government expenditure in the Czech Republic

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