Changes in the fiscal stance and the composition of public spending

被引：4
|
作者：
Stancik, Juraj [2 ]
Vaelilae, Timo [1 ]
机构：
[1] European Investment Bank, Econ & Financial Studies Div, L-2950 Luxembourg, Luxembourg
[2] European Commiss, IPTS, Seville, Spain
来源：
EMPIRICAL ECONOMICS | 2012年 / 43卷 / 01期
关键词：
Fiscal policy; Public expenditure; Fiscal stance;
D O I：
10.1007/s00181-011-0469-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We consider the impact of both cyclical and structural changes in the fiscal stance on public spending composition for a panel of EU countries, including individual components of public investment. We find that both cyclically induced and structural changes in the fiscal stance affect the composition of public spending, with fiscal tightening of both types increasing the relative share of investment and loosening favouring consumption expenditure. Of the components of public investment, infrastructure and redistribution respond to cyclical changes in the fiscal stance, while investment in hospitals and schools responds most clearly to structural changes.
引用
收藏
页码：199 / 217
页数：19
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