Fiscal Policy's Long-term Influence on Investment Rate

• Autorzy: Krajewski P. , Mackiewicz M.
• Języki publikacji: PL

Abstrakty

EN

The study aimed at establishing the long-term influence of fiscal policy on investments in fixed assets. A cross-sectional sample of data covering 27 countries during 1960 - 2003 was used. It was found that an increase in deficit equal to 1 % of GDP decreases investments by 0.3 % of GDP, while 1 % increase in revenue of public finance sector corresponds to a decrease in investments equal to 0.2 % of GDP. The study results suggest that both, expansive fiscal policy, as well as the increase of the share of public sector in the economy, correspond, as a rule, to a reduction in long-term asset accumulation, which in turn, might negatively affect economic growth in longer perspective.

Słowa kluczowe

EN

FISCAL POLICY; INVESTMENT RATE; PUBLIC DEBT AND GROWTH

• Czasopismo: Ekonomista
• Rocznik: 2007
• Numer: 2
• Strony: 181-198
• Rodzaj publikacji: ARTICLE

Twórcy

autor

Krajewski P.

autor

Mackiewicz M.

• P. Krajewski, Uniwersytet Lódzki, Instytut Ekonomii, ul. Rewolucji 1905r. 41, 90-214 Lódz, Poland

Identyfikatory

CEJSH db identifier

07PLAAAA02755627