Detailed Information on Publication Record
2024
Relationship Between General Government Expenditure and Economic Growth in Czechia
SZAROWSKÁ, IrenaBasic 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
Kapitola resp. kapitoly v odborné knize
Field of Study
50206 Finance
Country of publisher
United Kingdom of Great Britain and Northern Ireland
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
printed version "print"
References:
Organization unit
School of Business Administration in Karvina
ISBN
978-1-83753-841-6
Keywords in English
Government expenditure; Granger causality; COFOG classification; Stabiliser; Economic growth;
Tags
International impact, Reviewed
Změněno: 27/8/2024 14:00, Ing. Irena Szarowská, Ph.D., MPA
Abstract
V originále
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.