Government Expenditures and Taxes Influence on the Economic Growth (Empirical Analysis)
Bibliographic Data
| ID | 6109418 |
|---|---|
| Authors | Vratislav Izák (Institute of Hospitality Management in Prague, corresponding author) |
| Year | 2011 |
| Volume | 59 |
| Issue | 2 |
| Pages | 147-163 |
| Publication date | 2011-04-01 |
| 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.778 |
| OpenAlex | W2188241171 |
| Language | EN |
| Citations received | 11 |
| References cited | 14 |
Starting from endogenous growth models we test the impacts of both taxes (distortionary and non-distortionary) and expenditures (taking into account economic and functional classification of general government expenditure) using the government constraint. We do not neglect the implicit financing assumptions built into the specification of regression utilising both control and fiscal variables. Static and dynamic panel analysis (fixed effects model) of the 25 EU countries covers the period 1995-2008 for the majority of observations. Forward looking moving averages of the growth rate of GDP (2-5 years) are the dependent variable. We find that productive government expenditure supports growth, whilst non-productive expenditure, especially social protection (COFOG) or social payments (Ameco) does not. Distortionary and indirect taxes reduce economic growth
Budget constraint · Constraint (computer-aided design) · Control variable · Econometrics · Economic growth · Economics · Endogenous growth theory · Fiscal policy · Government (linguistics) · Government Expenditure · Macroeconomics · Microeconomics · Neglect · Panel analysis · Panel data · Public economics · Public expenditure · Public finance · Economic Growth and Productivity · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth
The Factors Influencing the Participation of Women in Microfinance
The Impact of Indirect Taxes on Economic Growth
Economic Impacts of ICT Implementation in Public Administration
Taxation Influence on the Economic Growth
The Influence of the Institutional Factors on the Corruption
Impact of Effective Tax Rates and Its Components on Foreign Direct Investment - The Case of the EU Member Countries
The Impact of VAT Changes on the Households ́ Real Incomes
The Influence of Corporate Taxation on Economic Growth
Interaction of Taxation, Government Expenditure and Economic Growth
Tax Policy Horizon in the OECD Countries
The Impact of Fiscal Policy on Economic Growth in the OECD Countries
| Citations per year | 0.73 |
|---|---|
| Citation span | 2011 - 2016 (6) |
| Highly cited | No |