The impact of government expenditure on household consumption in V4 countries
The impact of government expenditure on household consumption in V4 countries
Author(s): Łukasz Augustowski, Zbigniew BinekSubject(s): Economy, National Economy, Public Finances
Published by: Polskie Towarzystwo Ekonomiczne w Zielonej Górze
Keywords: Visegrad Group; government expenditures; consumption
Summary/Abstract: The article presents the impact of selected categories of government expenditure on private consumption of households in the Visegrad Group countries. The research problem was the answer to the question whether the government spending in V4 countries had a positive impact on consumer spending in households. It was hypothesized that different types of expenditure in V4 countries have a different effect on consumer spending of households. The analysis used a panel regression method with fixed effects. The country of reference was Poland. A statistical analysis of government expenditures was also used, and the relationship between GDP per capita and expenditure to GDP was indicated. The results showed that different types of government expenditure affect household consumption in a variety of ways, with social security spending having the strongest positive impact on consumption.
Journal: Zeszyty Naukowe Polskiego Towarzystwa Ekonomicznego w Zielonej Górze
- Issue Year: 4/2017
- Issue No: 7_EN
- Page Range: 19-27
- Page Count: 9
- Language: English