Oddziaływanie wydatków rządowych na rynek pracy
The impact of government spending on labor market
Author(s): Piotr KrajewskiSubject(s): Politics / Political Sciences, Politics, Economy, National Economy, Labor relations, Economic policy, Public Finances, Human Resources in Economy, Socio-Economic Research
Published by: Główny Urząd Statystyczny
Keywords: budget expenditures; labour market; neokeynesian; Bayesian estimation
Summary/Abstract: The article analyses the demand and supply effects of temporary increase in government spending on the labour market. The analysis was performed using a model of the new Keynesian economics. Estimates of model parameters were determined by the Bayes method. The simulations show that government spending greater impact on the labour market through demand effect than the supply side. Demand effect is stronger for both employment and wages.
Journal: Wiadomości Statystyczne. The Polish Statistician
- Issue Year: 58/2013
- Issue No: 01
- Page Range: 1-13
- Page Count: 13
- Language: Polish