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Statements

Subject Item
n2:RIV%2F47813059%3A19520%2F12%3A%230002147%21RIV13-GA0-19520___
rdf:type
skos:Concept n8:Vysledek
dcterms:description
The paper provides direct empirical evidence on cyclicality and the short-term and long-term relationship between government expenditure and output in the PIIGS (Portugal, Ireland, Italy, Greece, Spain) in a period 1990-2010. We follow Akitoby et al. and apply Johansen cointegration test and the error correction model on annul data of GDP and government expenditure in compliance with the COFOG international standard. The government expenditure functions are procyclical in most PIIGS countries (68% cases in the sample). Output and government expendi-ture are cointegrated for at least six of the expenditure categories in every country and it implies a long-term relationship between government expenditure and output consistent with Wagner's law. Average value of long-run elasticity coefficients is 1.30 for all expenditure functions and 1.17 for total government expenditure. The values of the coefficients for the short-run relationship between expenditure and output confirm the voracity. The paper provides direct empirical evidence on cyclicality and the short-term and long-term relationship between government expenditure and output in the PIIGS (Portugal, Ireland, Italy, Greece, Spain) in a period 1990-2010. We follow Akitoby et al. and apply Johansen cointegration test and the error correction model on annul data of GDP and government expenditure in compliance with the COFOG international standard. The government expenditure functions are procyclical in most PIIGS countries (68% cases in the sample). Output and government expendi-ture are cointegrated for at least six of the expenditure categories in every country and it implies a long-term relationship between government expenditure and output consistent with Wagner's law. Average value of long-run elasticity coefficients is 1.30 for all expenditure functions and 1.17 for total government expenditure. The values of the coefficients for the short-run relationship between expenditure and output confirm the voracity.
dcterms:title
Voracity effect and Wagner's law in the PIIGS Voracity effect and Wagner's law in the PIIGS
skos:prefLabel
Voracity effect and Wagner's law in the PIIGS Voracity effect and Wagner's law in the PIIGS
skos:notation
RIV/47813059:19520/12:#0002147!RIV13-GA0-19520___
n8:predkladatel
n9:orjk%3A19520
n3:aktivita
n22:P
n3:aktivity
P(GAP403/11/2073)
n3:dodaniDat
n13:2013
n3:domaciTvurceVysledku
n20:6103952
n3:druhVysledku
n14:D
n3:duvernostUdaju
n7:S
n3:entitaPredkladatele
n19:predkladatel
n3:idSjednocenehoVysledku
178576
n3:idVysledku
RIV/47813059:19520/12:#0002147
n3:jazykVysledku
n16:eng
n3:klicovaSlova
government expenditure, cyclicality, voracity effect, long-run elasticity, short-run elasticity
n3:klicoveSlovo
n4:voracity%20effect n4:long-run%20elasticity n4:cyclicality n4:short-run%20elasticity n4:government%20expenditure
n3:kontrolniKodProRIV
[E6856CC55DB0]
n3:mistoKonaniAkce
Karviná
n3:mistoVydani
Karviná
n3:nazevZdroje
Proceedings of the 30th International Conference on Mathematical Methods in Economics 2012
n3:obor
n10:AH
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
1
n3:projekt
n21:GAP403%2F11%2F2073
n3:rokUplatneniVysledku
n13:2012
n3:tvurceVysledku
Szarowská, Irena
n3:typAkce
n17:WRD
n3:zahajeniAkce
2012-01-01+01:00
s:numberOfPages
6
n15:hasPublisher
Slezská univerzita v Opavě. Obchodně podnikatelská fakulta v Karviné
n11:isbn
978-80-7248-779-0
n18:organizacniJednotka
19520