Posted on 15 October 2012. Tags: economic growth, fiscal policy, quality of public sector, size of public sector
The impact of fiscal policy on economic growth is a complex and contradictory topic in finance debates. Government influences real economy through the impact of public revenues and expenditures on the quantity and quality of production factors, labor and capital. High taxation for supporting big public sector can impede growth. On the other hand, some of the public expenditures can stimulate growth. This opposite effects of the public sector’s intervention through fiscal policy rise the debate about the performance of public sector in stimulating economic growth. The aim of this paper is to analyze the differences between developed UE countries and former communist EU countries regarding the public sectors and economic growth
Correlation Between Government and Economic Growth - Specific Features for 10 Nms (302.7 KiB, 132 hits)
Posted in Knowledge Management, Volume II, Issue no. 5
Posted on 15 June 2012. Tags: fiscal adjustment, fiscal expansions, fiscal policy, public expenditures, public revenues
Current financial and economical context brings new challenges for most of the countries – the decrease of public revenues and the incapacity to adjust the public expenditures. This article aims to identify the applied strategies for large discretionary fiscal changes – fiscal adjustments and fiscal expansions for the period 1996-2011 in European Union countries – through changes in public revenues or public expenditures, and the effects on the economic growth process. Using data for fiscal adjustments (improve more than 1.5 percentage points of the budget balance) and for fiscal expansions (deterioration more than 1.5 percentage points of the budget balance), there are analysed the strategies and the consequences for reducing/increasing the deficit.
Authors: Fiscal Policy In European Union Countries – A Comparative Analysis Of Adjustment And Expansions Fiscal Policy Episodes (267.7 KiB, 186 hits)
Posted in Economics, Volume II, Issue no. 3
Posted on 15 June 2012. Tags: economic development, economic growth, EU, fiscal policy, panel data
This article aims to demonstrate the confirmation or the refutation of the hypothesis that there is a connection between fiscal policy and economic development. The study begins with an overview of the main theoretical contributions. A few indicators that give the measure of the economic development are analysed for the sample of the Central and South Eastern European countries, members of the EU. The empirical analysis seeks to establish the relevance of the main determinants of the economic development (GDP per capita) and the three levers of the fiscal policy (fiscal pressure, the share of public expenditure in GDP and budgetary balance in the share of GDP), for each country, of the sample of the 12 countries of Central and South Eastern Europe, the new members of the European Union, during 2001-2010.
Econometric model Concerning The Impact Of The Fiscal Policy Upon The Economic Development. The Case Of The Countries From Central And Eastern Europe, Members Of The European Union (265.0 KiB, 220 hits)
Posted in Economics, Volume II, Issue no. 3
