Skoči na glavni sadržaj

Izvorni znanstveni članak

https://doi.org/10.1080/1331677X.2015.1028241

Causality between public wage bill, exports and economic growth in Slovenia

Maja Trošt
Štefan Bojnec


Puni tekst: engleski pdf 577 Kb

str. 119-131

preuzimanja: 620

citiraj


Sažetak

This article aims to investigate the causal relationship between economic growth, exports and public wage bill spending, using the Johansen cointegration, Granger causality test, variance decomposition (VDC) and impulse response function (IRF). The empirical investigation focuses on the case of a small open and export-oriented Slovenian economy, where public wage bill spending accounts for a sizable share of public xpenditure. The results show a significant impact of public wage bill
spending on exports. Reduction of public wage bill spending should be adapted to the circumstances in the economy to assure financial consolidation.

Ključne riječi

causality; public wage bill; export; economic growth; cointegration; Granger causality; variance decomposition (VDC); impulse response function (IRF); Slovenia

Hrčak ID:

171492

URI

https://hrcak.srce.hr/171492

Datum izdavanja:

20.12.2015.

Posjeta: 1.173 *