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Implications of Fiscal Responsibility on Economic Growth

Author

Listed:
  • Anca Florentina Gavriluta (Vatamanu)

    (“Alexandru Ioan Cuza” University of Iasi)

Abstract

Governmental decisions play an important role in the critical periods of the economy and usually in base of the strategy adopted, can make an effective contribution to the budget process while preserving fiscal discipline. This study tests the implications of fiscal responsibility on economic growth with the scope to analyze and find out the major issue of responsible public finances. In base of logistic regression results, the study leads to the conclusion that may be wise to re-evaluate plans to cut net government revenue in future budgets and instead take a more strategic approach to nurturing growth in the EU economy.

Suggested Citation

  • Anca Florentina Gavriluta (Vatamanu), 2017. "Implications of Fiscal Responsibility on Economic Growth," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(2), pages 55-65, April.
    • Handle: RePEc:dug:actaec:y:2017:i:2:p:55-65
    as

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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/3956/3958
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    References listed on IDEAS

    as
    1. Xavier Debrun, 2000. "Fiscal Rules in a Monetary Union: A Short-Run Analysis," Open Economies Review, Springer, vol. 11(4), pages 323-358, October.
    2. Casper van Ewijk & Nick Draper & Harry ter Rele & Ed Westerhout, 2006. "Ageing and the sustainability of Dutch public finances," CPB Special Publication 61, CPB Netherlands Bureau for Economic Policy Analysis.
    3. repec:imf:imfops:1998/001 is not listed on IDEAS
    4. James M. Buchanan & Richard A. Musgrave, 1999. "Public Finance and Public Choice: Two Contrasting Visions of the State," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262024624, December.
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