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Public investment and fiscal performance in the new EU member states
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SYSNO ASEP 0358754 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Public investment and fiscal performance in the new EU member states Author(s) Hanousek, Jan (NHU-C) RID
Kočenda, Evžen (NHU-C) RIDSource Title Fiscal Studies - ISSN 0143-5671
Roč. 32, č. 1 (2011), s. 43-71Number of pages 29 s. Language eng - English Country US - United States Keywords public finance ; public investment ; economic freedom Subject RIV AH - Economics R&D Projects GA402/09/1595 GA ČR - Czech Science Foundation (CSF) LC542 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ MSM0021620846 - NHU-C UT WOS 000288252500003 DOI 10.1111/j.1475-5890.2011.00127.x Annotation In this paper, we analyse the dynamics of public investment and public finance in the new members of the European Union, and also how they were affected by changes in economic freedom and corruption. We find that improvements in economic freedom tend to be associated with increases in public investment, while reductions in corruption produce effects going in both directions. Similarly, we show that increases in public investment are often linked with decreases as well as increases in corruption. In terms of the public finances, we detect mostly improvements in debt when there is less economic regulation, while results for the deficit are less conclusive. On the other hand, improvements in the corruption environment are mostly associated with decreases in the deficit as well as debt. Workplace Economics Institute - CERGE Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2012
Number of the records: 1