Dekompozycja oddziaływania wydatków rządowych na PKB w Polsce
Decomposing the Impact of Government Spending on GDP in Poland
Author(s): Piotr KrajewskiSubject(s): National Economy, Economic policy, Public Finances, Fiscal Politics / Budgeting
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: fiscal policy; government spending; substitutiveness of private and public consumption; structural vector autoregression;
Summary/Abstract: Using structural vector autoregression model (SVAR), the author compared the efficiency of various categories of government expenditure in boosting economic activity in Poland. The empirical analysis, covering the period of 2002–2017, was made on quarterly data. The results of the examination show that, in line with theoretical premises, the strongest and long-lasting effect on GDP is provided by investment-type government spending. On the other hand, none of the analysed categories of current government expenditures significantly influences the aggregate economic activity. There is no evidence of significant differences in the effectiveness of various categories of current government spending as regards their impact on aggregate economic activity.
Journal: Ekonomista
- Issue Year: 2019
- Issue No: 3
- Page Range: 273-290
- Page Count: 18
- Language: Polish
