Počet záznamů: 1  

Changes in the fiscal stance and the composition of public spending

  1. 1.
    0380362 - NHÚ 2013 RIV DE eng J - Článek v odborném periodiku
    Stančík, Juraj - Välilä, T.
    Changes in the fiscal stance and the composition of public spending.
    Empirical Economics. Roč. 43, č. 1 (2012), s. 199-217. ISSN 0377-7332. E-ISSN 1435-8921
    Výzkumný záměr: CEZ:AV0Z70850503
    Klíčová slova: fiscal policy * public expenditure * fiscal stance
    Kód oboru RIV: AH - Ekonomie
    Impakt faktor: 0.614, rok: 2012

    We consider the impact of both cyclical and structural changes in the fiscal stance on public spending composition for a panel of EU countries, including individual components of public investment. We find that both cyclically induced and structural changes in the fiscal stance affect the composition of public spending, with fiscal tightening of both types increasing the relative share of investment and loosening favouring consumption expenditure. Of the components of public investment, infrastructure and redistribution respond to cyclical changes in the fiscal stance, while investment in hospitals and schools responds most clearly to structural changes.
    Trvalý link: http://hdl.handle.net/11104/0211089

     
     
Počet záznamů: 1  

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