PL EN


2007 | 2 | 181-198
Article title

Fiscal Policy's Long-term Influence on Investment Rate

Title variants
Languages of publication
PL
Abstracts
EN
The study aimed at establishing the long-term influence of fiscal policy on investments in fixed assets. A cross-sectional sample of data covering 27 countries during 1960 - 2003 was used. It was found that an increase in deficit equal to 1 % of GDP decreases investments by 0.3 % of GDP, while 1 % increase in revenue of public finance sector corresponds to a decrease in investments equal to 0.2 % of GDP. The study results suggest that both, expansive fiscal policy, as well as the increase of the share of public sector in the economy, correspond, as a rule, to a reduction in long-term asset accumulation, which in turn, might negatively affect economic growth in longer perspective.
Year
Issue
2
Pages
181-198
Physical description
Document type
ARTICLE
Contributors
author
author
  • P. Krajewski, Uniwersytet Lódzki, Instytut Ekonomii, ul. Rewolucji 1905r. 41, 90-214 Lódz, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07PLAAAA02755627
YADDA identifier
bwmeta1.element.60ada0e1-d6cc-3254-a5ff-ca0c29b53a7d
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