Development of the Czech Fiscal Policy in the Transformation Period

DVOŘÁKOVÁ, Petra. Development of the Czech Fiscal Policy in the Transformation Period. The Business Review, Cambridge. 2007, Vol. 9, No. 1, p. 70-77. ISSN 1553-5827.

Basic information

• Original name: Development of the Czech Fiscal Policy in the Transformation Period
• Name in Czech: Vývoj české fiskální politiky v období transformace
• Authors: DVOŘÁKOVÁ, Petra (203 Czech Republic, guarantor, belonging to the institution).
• Edition: The Business Review, Cambridge, 2007, 1553-5827.

Other information

• Original language: English
• Type of outcome: Article in a journal
• Field of Study: 50200 5.2 Economics and Business
• Country of publisher: United States of America
• Confidentiality degree: is not subject to a state or trade secret
• RIV identification code: RIV/00216224:14560/07:00032433
• Organization unit: Faculty of Economics and Administration
• Keywords in English: Fiscal Policy; Transformation Period; Fiscal Imbalance
• Tags: fiscal imbalance, fiscal policy, Transformation Period
• Tags: International impact, Reviewed

Abstract

The subject of this paper is to analyze the development of the Czech fiscal economic policy in the transformation period. The aim of the paper is to prove that the development of the basic Czech fiscal indicators (deficit of the state budget, state debt) has been significantly influenced by the political ideology of current government. Furthermore, the relation between the deficit of the state budget and the state debt will be tested by an econometric model. The econometric model will be used also to assess the dependence between the development of government expenditures and GDP. The second model should verify or disconfirm the hypothesis that Czech governments had used expenditures to increase aggregate demand or the GDP, as the case may be (according to the Keynesian theory).

Abstract (in Czech)

Příspěvek se zabývá analýzou vývoje české fiskální politiky v období transformace. Cílem tohoto článku je potvrdit, že vývoj základních českých fiskálních ukazatelů (deficit státního dluhu, státní dluh) byl významně ovlivňován politickou ideologií stávající vlády. Dále je testován vztah mezi deficitem státního rozpočtu a státním dluhem v rámci ekonometrického modelu. Ekonometrický model je dále využit také k odhadu závislosti mezi vývojem vládních výdajů a HDP.