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The Impact Of Fiscal Policy On Economic Growth In The Countries Of Eastern Europe

Author

Listed:
  • BOLDEANU Florin Teodor

    (Lucian Blaga University of Sibiu)

  • TACHE Ileana

    (Lucian Blaga University of Sibiu)

  • ION Mădălin-Sebastian

    (Lucian Blaga University of Sibiu)

Abstract

This paper deals with the effects of fiscal policy on economic growth in 10 countries of Eastern Europe. For this analysis we to use two regression models. The results of the first model provide information on the factors that influence economic growth. Thus, direct taxes, indirect taxes, total income taxes, social contributions and the economic crisis had an effect on economic growth. Of these variables, total taxable income had a positive effect and indirect taxes and social contributions had a direct negative effect on economic growth. In the second model, the analysis confirmed that a significant effect on economic growth have had other direct taxes, social contributions of the employer and economic crisis, the first two being negatively correlated with GDP/capital.

Suggested Citation

  • BOLDEANU Florin Teodor & TACHE Ileana & ION Mădălin-Sebastian, 2015. "The Impact Of Fiscal Policy On Economic Growth In The Countries Of Eastern Europe," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 67(5), pages 16-32, September.
    • Handle: RePEc:blg:reveco:v:67:y:2015:i:5:p:16-32
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    More about this item

    Keywords

    fiscal policy; economic growth; Eastern Europe; expenditure;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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