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Impact of Fiscal Policy on the Cumulative Production in the Bulgarian Economy

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Author Info
Maria Neycheva

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Abstract

In the contemporary researches on fiscal policy the idea about Nonkeynesian effect is broadly debated. Contrary to the orthodox Keynesian paradigm this theory suggests a stimulating impact of budget consolidations on cumulative activity. The trends towards fiscal restrictions and balanced budget in the Eurozone stimulate the research on Nonkeynesian effects in the European countries. In connection with this the theoretical fundament and the results of the relevant empirical research are presented. A confirmation of the hypothesis for Nonkeynesian impact of the budget policy on the growth of GDP in the Bulgarian economy is sought.

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Publisher Info
Article provided by Bulgarian Academy of Sciences - Institute of Economics in its journal Economic Thought.

Volume (Year): (2007)
Issue (Month): 3 ()
Pages: 82-101
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Handle: RePEc:bas:econth:y:2007:i:3:p:82-101

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E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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This page was last updated on 2009-12-31.

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