The Size and Determinants of Fiscal Multipliers in Western Balkans: Comparing Croatia, Slovenia and Serbia (CROSBI ID 630094)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Deskar-Škrbić, Milan ; Šimović, Hrvoje
engleski
The Size and Determinants of Fiscal Multipliers in Western Balkans: Comparing Croatia, Slovenia and Serbia
When estimating the size of fiscal multipliers one has to take into consideration various structural characteristics of economies which, directly or indirectly, affect the transmission from government stimuli to economic activity. Thus, in this paper we use a ‘bucket approach’ to determination of the size of fiscal multipliers, which enables us to make presumptions on the size of fiscal multipliers, given the structural characteristics of selected Western Balkan economies – Croatia, Slovenia and Serbia. After this ‘non-empirical’ approach we use structural VAR framework to test our hypothesis derived from the ‘bucket approach’. Our results confirmed the hypotheses on the relative size of the multipliers between these three peer countries, with Croatia having the highest spending multiplier and Slovenia the lowest one.
fiscal multipliers; Western Balkans; SVAR; bucket approach
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Podaci o prilogu
7-25.
2015.
objavljeno
Podaci o matičnoj publikaciji
Proceedings of the 1st International Conference "European Fiscal Dialog 2015: Current Issues of Fiscal Policy"
Hamerníková, Bojka ; Hakenová, Helena
Prag: NEWTON College, a.s.
978-80-87325-05-6
Podaci o skupu
1st International Conference European Fiscal Dialog 2015: Current Issues of Fiscal Policy
pozvano predavanje
25.09.2015-25.09.2015
Prag, Češka Republika