Matches in SemOpenAlex for { <https://semopenalex.org/work/W2964737840> ?p ?o ?g. }
Showing items 1 to 84 of
84
with 100 items per page.
- W2964737840 endingPage "158" @default.
- W2964737840 startingPage "131" @default.
- W2964737840 abstract "Budget consolidations in Visegrád countries, which followed European financial and debt crisis, were mainly driven by external factors such as EU fiscal governance. Since the Visegrád countries have accomplished their consolidation effort, it seems topical to study their experience and assess the efficiency of consolidation measures. Involving descriptive statistical analysis, the authors posit that supranational impact on national budgets of Visegrád countries was quite efficient, as all economies concerned have accomplished a relatively sizeable fiscal consolidation. This happened largely due to the fact that the governments did not intend to lose vast amounts of funds from the EU budget. Such an option was quite feasible as a part of possible sanctions related to excessive deficit. The Czech Republic, Hungary, Poland and the Slovak Republic run different consolidations as to scale, structure and measures taken, though one could highlight some similarities. On the one hand, consolidations were to a great extent carried out through the means of indirect taxation, because they have a less distortive nature, given the structural characteristics of countries at issue. On the other hand, the governments refrained from raising direct taxes due to their distortive character. Hungary was the only country, which took some active measures in the field of corporate taxation, and subsequently suffered from drop in tax collection. The Visegrád countries did cut government expenditures, but strived to use the most effective instruments such as curbing employment in public sector. Further, there were some subsidiary factors at place that influenced consolidation pace. For example, three of four Visegrád countries are not members of a currency union, which inter alia contributed to monetizing government debt. At the same time, some measures taken by the countries, were of a quite formal nature. For instance, Hungary totally nationalized pension system in order to increase budget revenues. Nevertheless, all Visegrád countries reached deficit target without any revolutionary changes to main fiscal aggregates, which means that consolidations were at least nominally effective. However, cumulative deficit change was not fully accompanied by lowering debt and was by several times less than cumulative transfers from the EU budget. At the same time the budget consolidations in Visegrád countries could be called efficient as GDP growth rates restored, as did investors’ confidence and exports." @default.
- W2964737840 created "2019-08-13" @default.
- W2964737840 creator A5056949935 @default.
- W2964737840 creator A5062411337 @default.
- W2964737840 date "2019-07-28" @default.
- W2964737840 modified "2023-09-25" @default.
- W2964737840 title "EU fiscal governance and budget consolidation in Visegrád countries" @default.
- W2964737840 cites W1568698203 @default.
- W2964737840 cites W1809118491 @default.
- W2964737840 cites W1873211443 @default.
- W2964737840 cites W1954001312 @default.
- W2964737840 cites W1965776348 @default.
- W2964737840 cites W2016585563 @default.
- W2964737840 cites W2018588822 @default.
- W2964737840 cites W2047560619 @default.
- W2964737840 cites W2114409804 @default.
- W2964737840 cites W2155680526 @default.
- W2964737840 cites W2161227579 @default.
- W2964737840 cites W2730662767 @default.
- W2964737840 cites W2810002557 @default.
- W2964737840 cites W2883530849 @default.
- W2964737840 cites W2897509402 @default.
- W2964737840 cites W2953631363 @default.
- W2964737840 cites W3122274151 @default.
- W2964737840 cites W3123599738 @default.
- W2964737840 cites W3124969762 @default.
- W2964737840 cites W4230917909 @default.
- W2964737840 cites W4236155652 @default.
- W2964737840 cites W4253618610 @default.
- W2964737840 doi "https://doi.org/10.24833/2071-8160-2019-3-66-131-158" @default.
- W2964737840 hasPublicationYear "2019" @default.
- W2964737840 type Work @default.
- W2964737840 sameAs 2964737840 @default.
- W2964737840 citedByCount "4" @default.
- W2964737840 countsByYear W29647378402019 @default.
- W2964737840 countsByYear W29647378402020 @default.
- W2964737840 countsByYear W29647378402023 @default.
- W2964737840 crossrefType "journal-article" @default.
- W2964737840 hasAuthorship W2964737840A5056949935 @default.
- W2964737840 hasAuthorship W2964737840A5062411337 @default.
- W2964737840 hasBestOaLocation W29647378401 @default.
- W2964737840 hasConcept C10138342 @default.
- W2964737840 hasConcept C105639569 @default.
- W2964737840 hasConcept C120527767 @default.
- W2964737840 hasConcept C144133560 @default.
- W2964737840 hasConcept C162324750 @default.
- W2964737840 hasConcept C17744445 @default.
- W2964737840 hasConcept C18547055 @default.
- W2964737840 hasConcept C199539241 @default.
- W2964737840 hasConcept C2776014549 @default.
- W2964737840 hasConcept C2778069335 @default.
- W2964737840 hasConcept C39389867 @default.
- W2964737840 hasConceptScore W2964737840C10138342 @default.
- W2964737840 hasConceptScore W2964737840C105639569 @default.
- W2964737840 hasConceptScore W2964737840C120527767 @default.
- W2964737840 hasConceptScore W2964737840C144133560 @default.
- W2964737840 hasConceptScore W2964737840C162324750 @default.
- W2964737840 hasConceptScore W2964737840C17744445 @default.
- W2964737840 hasConceptScore W2964737840C18547055 @default.
- W2964737840 hasConceptScore W2964737840C199539241 @default.
- W2964737840 hasConceptScore W2964737840C2776014549 @default.
- W2964737840 hasConceptScore W2964737840C2778069335 @default.
- W2964737840 hasConceptScore W2964737840C39389867 @default.
- W2964737840 hasIssue "3(66)" @default.
- W2964737840 hasLocation W29647378401 @default.
- W2964737840 hasLocation W29647378402 @default.
- W2964737840 hasOpenAccess W2964737840 @default.
- W2964737840 hasPrimaryLocation W29647378401 @default.
- W2964737840 hasRelatedWork W1501041706 @default.
- W2964737840 hasRelatedWork W2039058957 @default.
- W2964737840 hasRelatedWork W2044177429 @default.
- W2964737840 hasRelatedWork W2079646079 @default.
- W2964737840 hasRelatedWork W2281304802 @default.
- W2964737840 hasRelatedWork W2347807807 @default.
- W2964737840 hasRelatedWork W2348612060 @default.
- W2964737840 hasRelatedWork W2354157766 @default.
- W2964737840 hasRelatedWork W3121572623 @default.
- W2964737840 hasRelatedWork W3125074855 @default.
- W2964737840 isParatext "false" @default.
- W2964737840 isRetracted "false" @default.
- W2964737840 magId "2964737840" @default.
- W2964737840 workType "article" @default.