Changes in the fiscal stance and the composition of public spending

0334165 - NHÚ 2010 RIV CZ eng J - Journal Article
Stančík, Juraj - Välilä, T.
Changes in the fiscal stance and the composition of public spending.
CERGE-EI Working Paper Series. -, č. 394 (2009), s. 1-22. ISSN 1211-3298
R&D Projects: GA MŠMT LC542
Institutional research plan: CEZ:AV0Z70850503
Keywords : fiscal policy * public expenditure * fiscal stance
Subject RIV: AH - Economics
http://www.cerge-ei.cz/pdf/wp/Wp394.pdf

The share of public investment relative to consumption expenditure has declined in past decades. Earlier literature has attributed this stylised fact variably to the relative political ease of cutting investment; different cyclical patterns of public investment and consumption; or to EMU’s fiscal rules. 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.
Permanent Link: http://hdl.handle.net/11104/0178976