Relationship Between General Government Expenditure and
Economic Growth in Czechia

C 2024

Relationship Between General Government Expenditure and Economic Growth in Czechia

SZAROWSKÁ, Irena

Basic information

Original name

Relationship Between General Government Expenditure and Economic Growth in Czechia

Authors

SZAROWSKÁ, Irena (203 Czech Republic, guarantor, belonging to the institution)

Edition

Leeds, England: Modeling Economic Growth in Contemporary Czechia, p. 137-151, 15 pp. Entrepreneurship and Global Economic Growth, 2024

Publisher

Emerald Publishing Limited

Other information

Language

English

Type of outcome

Chapter(s) of a specialized book

Field of Study

50206 Finance

Country of publisher

United Kingdom of Great Britain and Northern Ireland

Confidentiality degree

is not subject to a state or trade secret

Publication form

printed version "print"

References:

URL

RIV identification code

RIV/47813059:19520/24:A0000469

Organization unit

School of Business Administration in Karvina

ISBN

978-1-83753-841-6

DOI

https://doi.org/10.1108/978-1-83753-840-920241009

EID Scopus

2-s2.0-85192537855

Keywords in English

Government expenditure; Granger causality; COFOG classification; Stabiliser; Economic growth;

Abstract

In the original language

Government spending plays a crucial role in fiscal policy in any country, both as a tool for implementing individual government policies and as a possible instrument for mitigating uneven economic developments and economic shocks. This chapter provides direct empirical evidence on the development and structure of general government expenditure and its relationship with real economic growth in Czechia and the European Union countries. Compared to theoretical recommendations, general government expenditure has not been used as a stabiliser in Czechia and EU countries and has been observed to be pro-cyclical in the period under review. Granger causality analysis identified the direction of causality between the macroeconomic variables analysed and found that in most cases economic growth came first, followed by government spending.

Cite

SZAROWSKÁ, Irena. Relationship Between General Government Expenditure and Economic Growth in Czechia. In Daniel Stavárek, Michal Tvrdoň. Modeling Economic Growth in Contemporary Czechia. Leeds, England:: Emerald Publishing Limited, 2024, p. 137-151. Entrepreneurship and Global Economic Growth,. ISBN 978-1-83753-841-6. Available from: https://doi.org/10.1108/978-1-83753-840-920241009.

@inbook{79943,
   author = {Szarowská, Irena},
   address = {Leeds, England:},
   booktitle = {Modeling Economic Growth in Contemporary Czechia},
   doi = {https://doi.org/10.1108/978-1-83753-840-920241009},
   editor = {Daniel Stavárek, Michal Tvrdoň},
   keywords = {Government expenditure; Granger causality; COFOG classification; Stabiliser; Economic growth;},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Leeds, England:},
   isbn = {978-1-83753-841-6},
   pages = {137-151},
   publisher = {Emerald Publishing Limited},
   title = {Relationship Between General Government Expenditure and Economic Growth in Czechia},
   url = {https://doi.org/10.1108/978-1-83753-840-920241009},
   year = {2024}
}

TY  - CHAP
ID  - 79943
AU  - Szarowská, Irena
PY  - 2024
TI  - Relationship Between General Government Expenditure and Economic Growth in Czechia
VL  - Entrepreneurship and Global Economic Growth,
PB  - Emerald Publishing Limited
CY  - Leeds, England:
SN  - 9781837538416
KW  - Government expenditure
KW  - Granger causality
KW  - COFOG classification
KW  - Stabiliser
KW  - Economic growth;
UR  - https://doi.org/10.1108/978-1-83753-840-920241009
N2  - Government spending plays a crucial role in fiscal policy in any country, both as a tool for implementing individual government policies and as a possible instrument for mitigating uneven economic developments and economic shocks. This chapter provides direct empirical evidence on the development and structure of general government expenditure and its relationship with real economic growth in Czechia and the European Union countries. Compared to theoretical recommendations, general government expenditure has not been used as a stabiliser in Czechia and EU countries and has been observed to be pro-cyclical in the period under review. Granger causality analysis identified the direction of causality between the macroeconomic variables analysed and found that in most cases economic growth came first, followed by government spending.
ER  -

SZAROWSKÁ, Irena. Relationship Between General Government Expenditure and Economic Growth in Czechia. In Daniel Stavárek, Michal Tvrdoň. \textit{Modeling Economic Growth in Contemporary Czechia}. Leeds, England:: Emerald Publishing Limited, 2024, p.~137-151. Entrepreneurship and Global Economic Growth,. ISBN~978-1-83753-841-6. Available from: https://doi.org/10.1108/978-1-83753-840-920241009.

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