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Statements

Subject Item
n2:RIV%2F61989100%3A27510%2F13%3A86086832%21RIV14-MSM-27510___
rdf:type
n6:Vysledek skos:Concept
dcterms:description
In connection with the recent financial and debt crisis, the debate about the influence of government spending on economic growth has deepened. The primary aim of this paper is thus to examine the influence of both, productive (investment) and unproductive (consumption) government expenditure on growth in the OECD in 2000-2010. The dynamic panel data analysis is performed using the GMM. The results show that, unlike the theoretical assumptions, the influence of both types of spending on economic growth is positive. If the unproductive part of the spending includes especially the social transfers, those raise the disposable income of households, the consumption and thus also the GDP per capita. In case of productive spending, the effect of its volatility on growth was proved to be negative. It can be concluded that instead of budget cuts, fiscal policy authorities should primarily try to avoid the changes and volatility of the investment spending. In connection with the recent financial and debt crisis, the debate about the influence of government spending on economic growth has deepened. The primary aim of this paper is thus to examine the influence of both, productive (investment) and unproductive (consumption) government expenditure on growth in the OECD in 2000-2010. The dynamic panel data analysis is performed using the GMM. The results show that, unlike the theoretical assumptions, the influence of both types of spending on economic growth is positive. If the unproductive part of the spending includes especially the social transfers, those raise the disposable income of households, the consumption and thus also the GDP per capita. In case of productive spending, the effect of its volatility on growth was proved to be negative. It can be concluded that instead of budget cuts, fiscal policy authorities should primarily try to avoid the changes and volatility of the investment spending.
dcterms:title
PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD
skos:prefLabel
PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD PRO-GROWTH EFFECTS OF (UN)PRODUCTIVE GOVERNMENT SPENDING IN THE OECD
skos:notation
RIV/61989100:27510/13:86086832!RIV14-MSM-27510___
n6:predkladatel
n7:orjk%3A27510
n4:aktivita
n16:S
n4:aktivity
S
n4:dodaniDat
n9:2014
n4:domaciTvurceVysledku
n20:9935673
n4:druhVysledku
n12:D
n4:duvernostUdaju
n21:S
n4:entitaPredkladatele
n17:predkladatel
n4:idSjednocenehoVysledku
100194
n4:idVysledku
RIV/61989100:27510/13:86086832
n4:jazykVysledku
n11:eng
n4:klicovaSlova
Productive Government Spending, Unproductive Government Spending, Economic Growth, World Tax Index
n4:klicoveSlovo
n5:Unproductive%20Government%20Spending n5:Productive%20Government%20Spending n5:Economic%20Growth n5:World%20Tax%20Index
n4:kontrolniKodProRIV
[232D361FECC7]
n4:mistoKonaniAkce
Ostravice
n4:mistoVydani
Ostrava
n4:nazevZdroje
Taxes in the World : 3rd International Scientific Conference : proceedings : [Ostravice, 12.-13.12.2013]
n4:obor
n14:AH
n4:pocetDomacichTvurcuVysledku
1
n4:pocetTvurcuVysledku
1
n4:rokUplatneniVysledku
n9:2013
n4:tvurceVysledku
Machová, Zuzana
n4:typAkce
n10:EUR
n4:zahajeniAkce
2013-12-12+01:00
s:numberOfPages
10
n15:hasPublisher
Vysoká škola báňská - Technická univerzita Ostrava
n13:isbn
978-80-248-3133-6
n3:organizacniJednotka
27510