Comparison of the stabilising effects of government spending shocks in the Czech Republic, Hungary and Poland

Szymańska, Agata

doi:10.1080/1331677x.2019.1653783

Cited by 4 publications

(2 citation statements)

References 54 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In case of Poland, Czechia and Hungary, empirical evidence mostly finds relatively low values for fiscal multipliers, usually between 0 and 1. Szymanska ( 2019 ) estimated the 1-year cumulative spending multipliers for Czechia and Hungary at 0.4 and, respectively, 0.5. As regards Poland, empirical evidence showed a higher than 1 expenditure revenue, also confirmed by Derkacz ( 2020 ).…”

Section: Literature Reviewmentioning

confidence: 99%

Assessing fiscal multipliers in times of crisis: evidence from selected CEE countries

2023

View full text Add to dashboard Cite

The COVID-19 pandemic proved to be an unprecedented socio-economic crisis in the last decades. More than three years after its outbreak, there is still uncertainty regarding its future evolution. National and international authorities adopted a prompt and synchronized response to limit the adverse effects of the health crisis, in terms of socio-economic damage. Against this background, this paper assesses the efficiency of the measures implemented by fiscal authorities in selected Central and Eastern European countries to ameliorate the economic repercussions of the crisis. The analysis reveals that the impact of expenditure-side measures is stronger than that of revenue-side ones. Additionally, the results of a time-varying parameter model indicate that the fiscal multipliers are higher in times of crisis. In view of the ongoing war in Ukraine, the related geopolitical turmoil and energy crisis, the findings of this paper are especially pertinent, given the need for additional fiscal support.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Assessing fiscal multipliers in times of crisis: evidence from selected CEE countries

2023

View full text Add to dashboard Cite

show abstract

“…Tabel 1. Artikel peer-review dalam database literatur dalam penelitian Zakat, Belanja Pemerintah, Utang Pemerintah, dan Pertumbuhan Ekonomi Indonesia Variabel Referensi Zakat (Al-Homaidi et al, 2020;Aziz et al, 2020;Bouanani & Belhadj, 2020;Gassebner et al, 2023;Ghlamallah et al, 2021;Loewenthal et al, 2021;Maham & Bhatti, 2019;Moeis et al, 2022;Sudarsono et al, 2022;Syakir et al, 2021) Belanja (Babatunde, 2018;Choi & Kim, Pemerintah 2021;Combes et al, 2021;Islam et al, 2021;Jalles, 2021;Kormilitsina & Zubairy, 2018;Luintel et al, 2020;Montes et al, 2019;Szymańska, 2019;Troug, 2020) Utang Pemerintah (Ahmed et al, 2022;Ang et al, 2018;Hosono et al, 2023;Jennes, 2021;Kasal, 2023;Q. Liu & Bai, 2022;Y.…”

Section: Hasil Dan Pembahasan 31 Hasil Penelitianunclassified

Zakat, Belanja Pemerintah, Utang Pemerintah, Dan Pertumbuhan Ekonomi Indonesia: Sebuah Analisis Kritis Melalui Literature Review

Syadali

2023

JIEI

View full text Add to dashboard Cite

In the current era of globalization, economic growth is one of the main indicators in assessing the quality and development of a country. The purpose of this study is to examine more deeply the role of zakat, government spending, government debt, and Indonesia's economic growth with a research method using a literature review. The results of this study indicate that zakat, government spending, and government debt have an important role in Indonesia's economic growth. Strong synergy between the government, society, and the private sector in optimizing zakat potential and managing government spending and debt will create inclusive and sustainable economic growth in Indonesia. Through a critical literature review analysis, this research is expected to significantly contribute to science and public policy relevant to the Indonesian government and society to maintain and increase significant economic growth in the future.

show abstract

Analysis of the effects of fiscal policy shocks in the Baltic region

Szymańska

2022

Journal of International Studies

Self Cite

View full text Add to dashboard Cite

The study aims to compare the effects of fiscal policy shocks in three Baltic countries – Estonia, Latvia, and Lithuania - within SVAR framework, using the identification scheme proposed by Blanchard and Perotti (2002). The time sample covers quarterly data over the period of 2002q1-2019q4. The main idea of the study is to identify the effects of fiscal policy shocks in three euro area member states under a single monetary policy of the European Central Bank, but with country-specific fiscal policy shaped by the European fiscal framework. The results show that, generally, in the short term (up to four quarters), output reacts consistently with the Keynesian view, emphasizing the importance of using discretionary fiscal policy tools in stimulating economic activity in the Baltic region. However, in Estonia and Latvia, the calculated impact multipliers for net taxes are larger than spending multipliers. Although each country reacts differently to its country-specific fiscal shock, the response to the euro area money market interest rate innovation is quite similar with respect to the direction of the effect, which may indicate the robustness of the Baltic region in terms of the euro area shocks. Thus, the results emphasize the importance of conducting domestic fiscal policy adapted to the conditions of each of the analysed economies. Based on the assumptions and the methodology used in this study, the obtained findings show the limited effects of spending on Baltic economies in comparison with the effects caused by the shocks in net taxes. Moreover, due to the lack of large-scale analysis regarding the effectiveness of fiscal policy in Baltic states, the obtained results are a valuable contribution to the debate about the ‘appropriate’ size of the fiscal multipliers for the Baltic region.

show abstract

Comparison of the stabilising effects of government spending shocks in the Czech Republic, Hungary and Poland

Cited by 4 publications

References 54 publications

Assessing fiscal multipliers in times of crisis: evidence from selected CEE countries

Assessing fiscal multipliers in times of crisis: evidence from selected CEE countries

Zakat, Belanja Pemerintah, Utang Pemerintah, Dan Pertumbuhan Ekonomi Indonesia: Sebuah Analisis Kritis Melalui Literature Review

Analysis of the effects of fiscal policy shocks in the Baltic region

Contact Info

Product

Resources

About