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- W3125821406 abstract "The Influence of Fiscal Deficit Creation on Economic Growth The discussion of influence of fiscal consolidation on economic growth is quite interesting and important topic. Consequently, the main aim of the article is to determine differences within the influence of fiscal deficit on the economic growth, which is caused by changes in certain groups of government expenditures and revenues. We focus on two different economic growth indicators. The first is growth rate of real GDP and the second is growth rate of potential output. The panel regression method is used which data covers 13 old EU member states in 1996 to 2013. We employ the omitted fiscal variable approach. There is a hint that every defi cit to revenue substitution has no significant growth effect. The results of expenditures imply, that government should reduce deficit created by debt service. The measure has relatively stronger effect on supply side. Potential output growth can also be supported by the deficit decrease of social expenditures. Lowering government consumption is detrimental to GDP, but it is not to potential output. There are some differences between results of two types of growth. Hence government should decide, if consolidation effect is considered against GDP or potential output at first." @default.
- W3125821406 created "2021-02-01" @default.
- W3125821406 creator A5025044472 @default.
- W3125821406 date "2016-01-01" @default.
- W3125821406 modified "2023-09-23" @default.
- W3125821406 title "Vplyv spôsobu tvorby fiškálneho deficitu na ekonomický rast [The Influence of Fiscal Deficit Creation on Economic Growth]" @default.
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