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Budget spending and economic growth in Croatia - Dynamics and relathionships over the past two decades

Ivo Sever ; Nova Ves 79, Zagreb, Croatia
Saša Drezgić ; Faculty of Economics, University of Rijeka, Rijeka, Croatia
Helena Blažić ; Faculty of Economics, University of Rijeka, Rijeka, Croatia

Puni tekst: engleski, pdf (1 MB) str. 291-331 preuzimanja: 1.184* citiraj
APA 6th Edition
Sever, I., Drezgić, S. i Blažić, H. (2011). Budget spending and economic growth in Croatia - Dynamics and relathionships over the past two decades. Zbornik radova Ekonomskog fakulteta u Rijeci, 29 (2), 291-331. Preuzeto s https://hrcak.srce.hr/75202
MLA 8th Edition
Sever, Ivo, et al. "Budget spending and economic growth in Croatia - Dynamics and relathionships over the past two decades." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 29, br. 2, 2011, str. 291-331. https://hrcak.srce.hr/75202. Citirano 15.11.2019.
Chicago 17th Edition
Sever, Ivo, Saša Drezgić i Helena Blažić. "Budget spending and economic growth in Croatia - Dynamics and relathionships over the past two decades." Zbornik radova Ekonomskog fakulteta u Rijeci 29, br. 2 (2011): 291-331. https://hrcak.srce.hr/75202
Harvard
Sever, I., Drezgić, S., i Blažić, H. (2011). 'Budget spending and economic growth in Croatia - Dynamics and relathionships over the past two decades', Zbornik radova Ekonomskog fakulteta u Rijeci, 29(2), str. 291-331. Preuzeto s: https://hrcak.srce.hr/75202 (Datum pristupa: 15.11.2019.)
Vancouver
Sever I, Drezgić S, Blažić H. Budget spending and economic growth in Croatia - Dynamics and relathionships over the past two decades. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2011 [pristupljeno 15.11.2019.];29(2):291-331. Dostupno na: https://hrcak.srce.hr/75202
IEEE
I. Sever, S. Drezgić i H. Blažić, "Budget spending and economic growth in Croatia - Dynamics and relathionships over the past two decades", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.29, br. 2, str. 291-331, 2011. [Online]. Dostupno na: https://hrcak.srce.hr/75202. [Citirano: 15.11.2019.]

Sažetak
The objective of this research is to analyze the relationship between government budget spending and the effect on the growth and structure of the GDP of Croatia during the past two decades. The starting working assumption (hypothesis) is that the volume of total budget expenditure (including the foreign borrowing) has not been realizing appropriate effect on GDP growth. In the analysis of these relationships we primarily use the method of vector autoregressions (VAR). The main result of the analysis showed that, in accordance with theoretical assumptions, the structure of expenditures is essential for the effects of budgetary spending on economic growth. We determine the positive effects of investment spending and purchases of goods and services and the negative effects of other categories of current spending. The reduction of capital expenditures during the recession presents a particularly adverse trend, which reduces the rate of growth of the economy in the long and short term. A fundamental conclusion of the research is that the budget expenditures have not adequately affected the GDP growth. Therefore, it is possible to affect the economic growth by changing the structure of budgetary spending, as well as directing public borrowing to investment financing.

Ključne riječi
Budget spending; gross domestic product; vector autoregression; structure of expenditures; public debt; Croatia

Hrčak ID: 75202

URI
https://hrcak.srce.hr/75202

[hrvatski]

Posjeta: 2.127 *