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Fiscal Policy in Emerging Economies Romania, Poland, Hungary, Czech Republic

Author

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  • Iulia ROȘOIU

    (Bucharest University of Economic Studies)

Abstract

The aim of this article is to examine the impact of domestic fiscal shocks on output in Romania, Poland, Hungary and Czech Republic over the period 1995-2020. All countries are European Union’s members which didn’t adopt yet euro currency. Vector autoregression models are used and the results show that fiscal policy has positive or negative effects on economic growth. For all countries included in the analysis the magnitude of the impact is small.

Suggested Citation

  • Iulia ROȘOIU, 2019. "Fiscal Policy in Emerging Economies Romania, Poland, Hungary, Czech Republic," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 20(3), pages 279-285, July.
    • Handle: RePEc:rom:rmcimn:v:20:y:2019:i:3:p:279-285
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    References listed on IDEAS

    as
    1. Christina D. Romer & David H. Romer, 2010. "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks," American Economic Review, American Economic Association, vol. 100(3), pages 763-801, June.
    2. Mr. Dirk V Muir & Miss Anke Weber, 2013. "Fiscal Multipliers in Bulgaria: Low But Still Relevant," IMF Working Papers 2013/049, International Monetary Fund.
    3. Vladimir Klyuev & Stephen Snudden, 2011. "Effects of Fiscal Consolidation in the Czech Republic," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 61(4), pages 306-326, August.
    4. Jesús Crespo Cuaresma & Markus Eller & Aaron Mehrotra, 2011. "The Economic Transmission of Fiscal Policy Shocks from Western to Eastern Europe," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 44-68.
    5. repec:zbw:bofitp:2011_012 is not listed on IDEAS
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    More about this item

    Keywords

    economic growth; fiscal shocks; emerging economies; VAR model.;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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