The Impact of Fiscal Policy on Economic Growth in the OECD Countries
Bibliographic Data
| ID | 6108705 |
|---|---|
| Authors | Agata Drobiszová (VSB - Technical University of Ostrava), Zuzana Machová (0000-0002-3448-4600, VSB - Technical University of Ostrava) |
| Year | 2015 |
| Volume | 63 |
| Issue | 3 |
| Pages | 300-316 |
| Publication date | 2015-06-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.1004 |
| OpenAlex | W2201851471 |
| Language | EN |
| Citations received | 3 |
| References cited | 38 |
The aim of the paper is to fi nd out what is the effect of different types of government spending and taxes on economic growth in developed economies. The analysis is performed on a sample of 27 OECD countries in the period 1997-2011. It is based on the neoclassic growth model extended with the level of human capital and fi scal variables. Those include particular types of government spending (according to the COFOG classifi cation) and taxes (according to the OECD classifi cation), and state budget defi cit. From a methodological point of view, panel data estimation is used. We support the view that only some types of government spending are growth-enhancing, and only if they are fi nanced through indirect taxes. However, the results show that only expenditure on defense, education and health, and general public services may be labeled as productive. In addition, we show that direct taxes, especially corporate taxes, negatively affect the growth, also in case they are used to fi nance productive spending
Affect (linguistics) · Capital expenditure · Econometrics · Economic growth · Economics · Estimation · Fiscal policy · Government (linguistics) · Government Expenditure · Government spending · Human capital · Macroeconomics · Market economy · Monetary economics · Panel analysis · Panel data · Point (geometry) · Politics · Public economics · Public expenditure · Public finance · Public spending · Sample (material) · Economic Growth and Productivity · Finance · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth
A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test
Tax structure and economic growth
Large Changes in Fiscal Policy
Why Don't Poor Countries Catch Up? A Cross‐national Test of an Institutional Explanation
Fiscal policy and growth
An empirical analysis of cross-national economic growth, 1951–1980
The composition of public expenditure and economic growth
Is public expenditure productive?
Unit root tests in panel data
On the mechanics of economic development
Testing for unit roots in heterogeneous panels
Economic Growth in a Cross Section of Countries
The Effect of State and Local Taxes on Economic Growth
Public sector efficiency
Government Spending in a Simple Model of Endogeneous Growth
Growth Effects of Flat-Rate Taxes
Increasing Returns and Long-Run Growth
Optimal Taxation in Models of Endogenous Growth
A Contribution to the Empirics of Economic Growth
The Interaction of Monetary and Fiscal Policy in the Visegrad Group Countries
Impact of Effective Tax Rates and Its Components on Foreign Direct Investment - The Case of the EU Member Countries
Government Expenditures and Taxes Influence on the Economic Growth (Empirical Analysis)
Possible Evaluation of Fiscal Position and Stabilization Fiscal Policy
Taxes on income vs. value added tax in small open economy
Tax Policy Horizon in the OECD Countries
Fiscal policy and economic growth
| Citations per year | 0.3 |
|---|---|
| Citation span | 2016 - 2016 (1) |
| Highly cited | No |