Fiscal Policy in Emerging Economies - Romania, Poland, Hungary, Czech Republic
Fiscal Policy in Emerging Economies - Romania, Poland, Hungary, Czech Republic
Author(s): ROȘOIU IuliaSubject(s): Economic history, Economic policy, Political economy, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: EDITURA ASE
Keywords: economic growth, fiscal shocks; emerging economies; VAR model;
Summary/Abstract: The aim of this article is to examine the impact of domestic fiscal shocks on output in Romania, Poland, Hungary and Czech Republic over the period 1995-2020. All countries are European Union’s members which didn’t adopt yet euro currency. Vector autoregression models are used and the results show that fiscal policy has positive or negative effects on economic growth. For all countries included in the analysis the magnitude of the impact is small.
Journal: Revista de Management Comparat Internațional
- Issue Year: 20/2019
- Issue No: 3
- Page Range: 279-285
- Page Count: 7
- Language: English