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://dx.doi.org/10.1108/978-1-83753-840-920241009.
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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
Original 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"
WWW URL
Organization unit School of Business Administration in Karvina
ISBN 978-1-83753-841-6
Doi http://dx.doi.org/10.1108/978-1-83753-840-920241009
Keywords in English Government expenditure; Granger causality; COFOG classification; Stabiliser; Economic growth;
Tags International impact, Reviewed
Changed by Changed by: Ing. Irena Szarowská, Ph.D., MPA, učo 21355. Changed: 27/8/2024 14:00.
Abstract
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.
PrintDisplayed: 6/10/2024 02:35