Structural Public Balance Adjustment Effects on Growth in 25 OECD Countries and the Eurozone
| Autor: | CANALE, R, R, NAPOLITANO O., LIOTTI, GIORGIO |
|---|---|
| Přispěvatelé: | Canale, R, R, Liotti, Giorgio, Napolitano, O. |
| Rok vydání: | 2014 |
| Předmět: |
Macroeconomics
Economics and Econometrics Structural adjustment growth Planned economy Institutional economics Oecd countries Fiscal policy State ownership cross-section analysis dynamic panel data analysi structural adjustment cross-section analysis dynamic panel data analysis Balance (accounting) pooled mean group estimator Structural public balance adjustment effects on growth in 25 OECD countries and the eurozone Economics fiscal policy growth structural adjustment cross-section analysis dynamic panel data analysis Emerging markets |
| Zdroj: | Comparative economic studies (2014). doi:10.1057/ces.2014.26 info:cnr-pdr/source/autori:Rosaria Rita Canale, Giorgio Liotti and Oreste Napolitano/titolo:Structural Public Balance adjustment effects on growth in 25 OECD countries and Eurozone/doi:10.1057%2Fces.2014.26/rivista:Comparative economic studies/anno:2014/pagina_da:/pagina_a:/intervallo_pagine:/volume |
| DOI: | 10.1057/ces.2014.26 |
| Popis: | The aim of the paper is to estimate the effects of structural public balance adjustment on growth in 25 OECD countries with special attention to selected Eurozone countries in the years 2000–2013. The estimates show a positive effect of discretionary fiscal policy on GDP growth and support the conclusion that structural adjustments have negative effects on growth irrespective of macroeconomic conditions. These results show that, if the reduction of the structural balance has to be considered as an objective to be achieved per se, such a goal should not be pursued in times of deteriorating macroeconomic conditions. |
| Databáze: | OpenAIRE |
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