Dynamic effects of fiscal policy and fiscal multipliers in Croatia
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 inf...
| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
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Faculty of Economics University of Rijeka
2013-06-01
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| Series: | Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
| Subjects: | |
| Online Access: | https://www.efri.uniri.hr/sites/efri.uniri.hr/files/cr-collections/2/simovic-deskar-skrbic-2013-1.pdf |
| _version_ | 1818292255863078912 |
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| author | Milan Deskar-Škrbić Hrvoje Šimović |
| author_facet | Milan Deskar-Škrbić Hrvoje Šimović |
| author_sort | Milan Deskar-Škrbić |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-13T02:57:04Z |
| format | Article |
| id | doaj.art-c6db068a1e9f477e9291380938cf986d |
| institution | Directory Open Access Journal |
| issn | 1331-8004 |
| language | deu |
| last_indexed | 2024-12-13T02:57:04Z |
| publishDate | 2013-06-01 |
| publisher | Faculty of Economics University of Rijeka |
| record_format | Article |
| series | Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
| spelling | doaj.art-c6db068a1e9f477e9291380938cf986d2022-12-22T00:01:56ZdeuFaculty of Economics University of RijekaZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu1331-80042013-06-013115578Dynamic effects of fiscal policy and fiscal multipliers in CroatiaMilan Deskar-ŠkrbićHrvoje ŠimovićThe 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.https://www.efri.uniri.hr/sites/efri.uniri.hr/files/cr-collections/2/simovic-deskar-skrbic-2013-1.pdfFiscal policyfiscal multipliersSVARCroatia |
| spellingShingle | Milan Deskar-Škrbić Hrvoje Šimović Dynamic effects of fiscal policy and fiscal multipliers in Croatia Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu Fiscal policy fiscal multipliers SVAR Croatia |
| title | Dynamic effects of fiscal policy and fiscal multipliers in Croatia |
| title_full | Dynamic effects of fiscal policy and fiscal multipliers in Croatia |
| title_fullStr | Dynamic effects of fiscal policy and fiscal multipliers in Croatia |
| title_full_unstemmed | Dynamic effects of fiscal policy and fiscal multipliers in Croatia |
| title_short | Dynamic effects of fiscal policy and fiscal multipliers in Croatia |
| title_sort | dynamic effects of fiscal policy and fiscal multipliers in croatia |
| topic | Fiscal policy fiscal multipliers SVAR Croatia |
| url | https://www.efri.uniri.hr/sites/efri.uniri.hr/files/cr-collections/2/simovic-deskar-skrbic-2013-1.pdf |
| work_keys_str_mv | AT milandeskarskrbic dynamiceffectsoffiscalpolicyandfiscalmultipliersincroatia AT hrvojesimovic dynamiceffectsoffiscalpolicyandfiscalmultipliersincroatia |