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Application of Probabilistic Inference in Defining Impact of the General Government Sector’s Size on the Economy and Determining the Size of the Sector by the Economy in the EU

Author

Listed:
  • Mroczek Teresa

    (Department of Expert Systems and Artificial Intelligence, University of Information Technology and Management)

  • Skica Tomasz

    (Department of Finance, University of Information Technology and Management UITM, the Institute for Financial Research and Analyses in Rzeszow)

  • Rodzinka Jacek

    (Department of Finance, University of Information Technology and Management UITM, The Institute for Financial Research and Analyses in Rzeszow)

Abstract

The article’s objective is to apply probabilistic inference in determination of the impact of the size of the general government sector on the economy and the impact of the economy on the size of the sector in EU Member States. The research indicated that 4 of 13 variables describing the size of the general government sector have a significant impact on the economic parameters and determined their value and that impact of the economy on the general government sector is significantly more identified than determination of the economy by the sector size.

Suggested Citation

  • Mroczek Teresa & Skica Tomasz & Rodzinka Jacek, 2018. "Application of Probabilistic Inference in Defining Impact of the General Government Sector’s Size on the Economy and Determining the Size of the Sector by the Economy in the EU," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 14(1), pages 1-11, March.
    • Handle: RePEc:vrs:finiqu:v:14:y:2018:i:1:p:1-11:n:5
    DOI: 10.2478/fiqf-2018-0001
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    References listed on IDEAS

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    More about this item

    Keywords

    General government sector size; economy; public finance; impact of size of general government sector on the economy; Bayesian networks; probabilistic inference;
    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
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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