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The Correlation between Fiscal Policy and Economic Growth


  • Laura Obreja Brasoveanu

    (Academy of Economic Studies, Bucharest)

  • Iulian Brasoveanu

    (Academy of Economic Studies, Bucharest)


The analysis of the correlation between fiscal policy and economic growth represents an important and very debated topic in the theoretical and empirical literature. In this study we test the correlation between fiscal policy and economic growth in Romania, for the period 1990-2007. The correlation pattern between the real growth rate of the GDP and the categories of budgetary revenues reveals a link of negative causality between the economic growth and fiscal revenues.

Suggested Citation

  • Laura Obreja Brasoveanu & Iulian Brasoveanu, 2008. "The Correlation between Fiscal Policy and Economic Growth," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 7(7(524)), pages 19-26, July.
  • Handle: RePEc:agr:journl:v:7(524):y:2008:i:7(524):p:19-26

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    Cited by:

    1. Obreja Brasoveanu, Laura, 2010. "The Impact of Defense Expenditure on Economic Growth," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 148-167, December.
    2. repec:pje:journl:article28sumv is not listed on IDEAS
    3. Camelia, MORARU & Roxana, IONIŢĂ, 2014. "The Influence Of Taxation On Economic Growth. Econometric Evidence From Romania," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 284-290.


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