Causality between public wage bill, exports and economic growth in Slovenia

Bibliographic Data

ID15067941
AuthorsMaja Trošt (University of Primorska, corresponding author), Štefan Bojnec (0000-0002-1270-6372, University of Primorska)
Year2015
Volume28
Issue1
Pages119-131
Publication date2015-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2015.1028241
OpenAlexW2030524009
LanguageEN
Citations received5
References cited16

This article aims to investigate the causal relationship between economic growth, exports and public wage bill spending, using the Johansen cointegration, Granger causality test, variance decomposition (VDC) and impulse response function (IRF). The empirical investigation focuses on the case of a small open and export-oriented Slovenian economy, where public wage bill spending accounts for a sizable share of public expenditure. The results show a significant impact of public wage bill spending on exports. Reduction of public wage bill spending should be adapted to the circumstances in the economy to assure financial consolidation

Economics · Labour economics · Wage · Wage growth · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact

Tools

Open DOISci-HubOpen Access