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Causality between public wage bill, exports and economic growth in Slovenia

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  • Maja Trošt
  • Štefan Bojnec

Abstract

This article aims to investigate the causal relationship between economic growth, exports and public wage bill spending, using the Johansen cointegration, Granger causality test, variance decomposition (VDC) and impulse response function (IRF). The empirical investigation focuses on the case of a small open and export-oriented Slovenian economy, where public wage bill spending accounts for a sizable share of public expenditure. The results show a significant impact of public wage bill spending on exports. Reduction of public wage bill spending should be adapted to the circumstances in the economy to assure financial consolidation.

Suggested Citation

  • Maja Trošt & Štefan Bojnec, 2015. "Causality between public wage bill, exports and economic growth in Slovenia," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 28(1), pages 119-131, January.
    • Handle: RePEc:taf:reroxx:v:28:y:2015:i:1:p:119-131
    DOI: 10.1080/1331677X.2015.1028241
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    Cited by:

    1. Najwa AKERMI & Nadia Ben YEDDER & Sayef BAKARI, 2024. "Impact of final consumption, domestic investment, exports, and imports on economic growth in Albania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(638), S), pages 231-252, Spring.
    2. AHMAD TIBRIZI SONI Wicaksono & ARIEF Mufraini & TITIS Miranti & MUHAMMAD KHAERUL Muttaqien, 2023. "Bitcoin Vs Gold: Which One Is The Most Powerful In Boosting The Shariah Equity Index? Global Evidence," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(1), pages 5-36, April.

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