Impact of fiscal policy on economic growth in the euro area

Dinova, Teodora G.; Slavinskaitė, Neringa

Use this URL to cite this publication: https://hdl.handle.net/20.500.14911/114963

Impact of fiscal policy on economic growth in the euro area

Details

Publication Type (CRIS)

Straipsnis kitoje duomenų bazėje / Article in other database (S4)

Publication Type (eLABa)

Straipsnis kitoje DB / Article in other DB (S3)

VILNIUS TECH Research Priorities and Topics

Aukštos pridėtinės vertės ekonomika / High value-added economy (VE01)

Lithuanian Intelligent Specialization

Įtrauki ir kūrybinga visuomenė / Inclusive and creative society (L103)

Author(s)

Author	Affiliation
Dinova, Teodora G.	South-West University “Neofit Rilski”
Slavinskaitė, Neringa	Ekonomikos inžinerijos katedra / Department of Economics Engineering (1149)	Tarptautinė teisės ir verslo aukštoji mokykla

Title

Impact of fiscal policy on economic growth in the euro area

[en]

Teodora G. Dinova, Neringa Slavinskaitė

Is part of

Verslo ir teisės aktualijos = Current issues of business and law

Published In

Year	Issue	Start Page	End Page
2015	10	277	288

Publisher

Vilnius : Tarptautinė teisės ir verslo aukštoji mokykla

Referenced in Database(s)(DBs)

Business Source Complete

Index Copernicus

Extent

p. 277-288

URI

URI
https://hdl.handle.net/20.500.14911/114963

Cited references

Science / Art Area

Socialiniai mokslai / Social sciences (S)

Field of Science / Art

Ekonomika / Economics (S004)

Keywords (en)

Abstract (en)

The main objective of this paper is to study the influence of fiscal policy on economic growth in euro area countries during the period of 2002- 2013. The implementation of fiscal policies by governments of different Member States needs to provide an impact on economic growth in the short- and long-run. Complex interactions between general government revenues and expenditures and economic growth are investigated by the means of regression analysis. The conclusion is that general government revenues based on non-distortionary taxes are more efficient in terms of supporting economic growth. The efficiency of government revenue policy and particularly the structure of taxes play a very important role in achieving economic development and fiscal consolidation.