Public finance sustainability and dynamic efficiency
Bibliographic Data
| ID | 6109636 |
|---|---|
| Authors | Vratislav Izák (Prague University of Economics and Business, corresponding author) |
| Year | 2008 |
| Volume | 56 |
| Issue | 2 |
| Pages | 162-181 |
| Publication date | 2008-04-01 |
| 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.635 |
| OpenAlex | W2460580032 |
| Language | EN |
| Citations received | 3 |
| References cited | 13 |
In the last years there has been a growing discrepancy between gross domestic product and gross disposable income (more than a double of government budget deficit in 2006)in favour of non-residents. The difference between the real interest rate and the rate of growth of GDP has been negative in 2000-2006 and is expected to be negative in the near future suggesting that even a small deficit in primary budget balance can stabilize the debt ratio (30 % of GDP). But in a world of uncertainty even in the Czech republic the capital sector is on net a spout and not a sink (the profit rate has been higher than the investment rate in 1995-2008). Hence the czech economy seems to be dynamically efficient and an increase in national saving is necessary
Balance of trade · Current account · Czech · Debt · Deficit spending · Economic policy · Economics · Exchange rate · Gross domestic product · Gross fixed capital formation · Interest rate · Investment (military) · Macroeconomics · Monetary economics · Real gross domestic product · Real interest rate · Economic and Fiscal Studies · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth
| Citations per year | 0.19 |
|---|---|
| Citation span | 2010 - 2020 (11) |
| Highly cited | No |