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Dynamic effects of fiscal policy and fiscal multipliers in Croatia

Hrvoje Šimović   ORCID icon orcid.org/0000-0002-4040-0899 ; Faculty of Economics & Business, University of Zagreb, Zagreb, Croatia
Milan Deskar-Škrbić   ORCID icon orcid.org/0000-0002-7611-2071 ; Arhivanalitika d.o.o., Zagreb, Croatia

Puni tekst: engleski, pdf (572 KB) str. 55-78 preuzimanja: 1.374* citiraj
APA 6th Edition
Šimović, H. i Deskar-Škrbić, M. (2013). Dynamic effects of fiscal policy and fiscal multipliers in Croatia. Zbornik radova Ekonomskog fakulteta u Rijeci, 31 (1), 55-78. Preuzeto s https://hrcak.srce.hr/104184
MLA 8th Edition
Šimović, Hrvoje i Milan Deskar-Škrbić. "Dynamic effects of fiscal policy and fiscal multipliers in Croatia." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 31, br. 1, 2013, str. 55-78. https://hrcak.srce.hr/104184. Citirano 14.06.2021.
Chicago 17th Edition
Šimović, Hrvoje i Milan Deskar-Škrbić. "Dynamic effects of fiscal policy and fiscal multipliers in Croatia." Zbornik radova Ekonomskog fakulteta u Rijeci 31, br. 1 (2013): 55-78. https://hrcak.srce.hr/104184
Harvard
Šimović, H., i Deskar-Škrbić, M. (2013). 'Dynamic effects of fiscal policy and fiscal multipliers in Croatia', Zbornik radova Ekonomskog fakulteta u Rijeci, 31(1), str. 55-78. Preuzeto s: https://hrcak.srce.hr/104184 (Datum pristupa: 14.06.2021.)
Vancouver
Šimović H, Deskar-Škrbić M. Dynamic effects of fiscal policy and fiscal multipliers in Croatia. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2013 [pristupljeno 14.06.2021.];31(1):55-78. Dostupno na: https://hrcak.srce.hr/104184
IEEE
H. Šimović i M. Deskar-Škrbić, "Dynamic effects of fiscal policy and fiscal multipliers in Croatia", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.31, br. 1, str. 55-78, 2013. [Online]. Dostupno na: https://hrcak.srce.hr/104184. [Citirano: 14.06.2021.]

Sažetak
The aim of this paper is to analyze the effects of discretionary measures of fiscal policy on the economic activity and to estimate the size of fiscal multipliers in Croatia. Econometric framework is based on the structural VAR model (SVAR), with Blanchard-Perotti identification method that uses information on institutional characteristics of fiscal system. The analysis is conducted on quarterly data for total expenditures and indirect taxes of central, central consolidated and general consolidated government and aggregate demand for the period from 2004-2012. The results show that our initial assumptions about the difference in the size of the multiplier of government expenditures and indirect tax revenues between three levels of government consolidation have been confirmed.

Ključne riječi
Fiscal policy; fiscal multipliers; SVAR; Croatia

Hrčak ID: 104184

URI
https://hrcak.srce.hr/104184

[hrvatski]

Posjeta: 2.308 *