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Statements

Subject Item
n2:RIV%2F47813059%3A19520%2F12%3A%230002127%21RIV13-GA0-19520___
rdf:type
n11:Vysledek skos:Concept
dcterms:description
The importance of government expenditure management has increased during the last years. This paper provides empirical evidence on the cyclicality and the relationship between government expenditure and output in five European Union members in a period 1995-2009. We use Johansen cointegration test and the error correction model and analyze annual data on government expenditure in compliance with the COFOG international standard. The results confirm that the government expenditure functions are procyclical in most countries (91% cases in the sample). Output and government expenditure are cointegrated at least for four from ten expenditure functions in every country (four in the Czech Republic and Hungary, five in Bulgaria, seven in Slovakia and eight in Romania) and it implies a long-term relationship between government expenditure and output. Average value of long-run elasticity coefficients is 1.72 for all expenditure functions, 1.16 for total government expenditure. The importance of government expenditure management has increased during the last years. This paper provides empirical evidence on the cyclicality and the relationship between government expenditure and output in five European Union members in a period 1995-2009. We use Johansen cointegration test and the error correction model and analyze annual data on government expenditure in compliance with the COFOG international standard. The results confirm that the government expenditure functions are procyclical in most countries (91% cases in the sample). Output and government expenditure are cointegrated at least for four from ten expenditure functions in every country (four in the Czech Republic and Hungary, five in Bulgaria, seven in Slovakia and eight in Romania) and it implies a long-term relationship between government expenditure and output. Average value of long-run elasticity coefficients is 1.72 for all expenditure functions, 1.16 for total government expenditure.
dcterms:title
The Cyclicality of Government Expenditure and Wagner's Law - Case of Czech Republic, Slovakia, Hungary, Bulgaria and Romania The Cyclicality of Government Expenditure and Wagner's Law - Case of Czech Republic, Slovakia, Hungary, Bulgaria and Romania
skos:prefLabel
The Cyclicality of Government Expenditure and Wagner's Law - Case of Czech Republic, Slovakia, Hungary, Bulgaria and Romania The Cyclicality of Government Expenditure and Wagner's Law - Case of Czech Republic, Slovakia, Hungary, Bulgaria and Romania
skos:notation
RIV/47813059:19520/12:#0002127!RIV13-GA0-19520___
n11:predkladatel
n14:orjk%3A19520
n4:aktivita
n19:P
n4:aktivity
P(GAP403/11/2073)
n4:cisloPeriodika
2
n4:dodaniDat
n17:2013
n4:domaciTvurceVysledku
n6:6103952
n4:druhVysledku
n5:J
n4:duvernostUdaju
n16:S
n4:entitaPredkladatele
n18:predkladatel
n4:idSjednocenehoVysledku
129347
n4:idVysledku
RIV/47813059:19520/12:#0002127
n4:jazykVysledku
n12:eng
n4:klicovaSlova
Government Expenditure, Cyclicality, Voracity Effect, Long-Run Elasticity, Short-Run Elasticity
n4:klicoveSlovo
n9:Short-Run%20Elasticity n9:Long-Run%20Elasticity n9:Voracity%20Effect n9:Cyclicality n9:Government%20Expenditure
n4:kodStatuVydavatele
CZ - Česká republika
n4:kontrolniKodProRIV
[3DADC4547478]
n4:nazevZdroje
Scientific Papers of the University of Pardubice
n4:obor
n7:AE
n4:pocetDomacichTvurcuVysledku
1
n4:pocetTvurcuVysledku
1
n4:projekt
n13:GAP403%2F11%2F2073
n4:rokUplatneniVysledku
n17:2012
n4:svazekPeriodika
24
n4:tvurceVysledku
Szarowská, Irena
s:issn
1211-555X
s:numberOfPages
11
n8:organizacniJednotka
19520