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Repercursions Of The Implementation Of Fiscal Policy’S Objectives On Economic Growth

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  • Mihaela MITROI

Abstract

The paper aims to present that fiscal policy has a direct impact on economic growth. Any changes into its objective are reflected directly and indirectly on entire economic actors. The research is based on comparative analysis of trends in several indicators assessing the economic efficiency of the tax systems of EU’s largest 19 member states and shows how changes in fiscal policy vision directly affect investments, confidence of foreign direct investors, individual perceptions about fiscal matters. The ways of which fiscal policy’s objectives are implemented in each country depend on its public authorities, and how they accurately assess the rhythm and effects of the measures. The author comes up with an alarm signal, specifying that the way fiscal policy is managed, especially the tax policy, brings crucial repercussions for the country's sustainable economic development as well as for the image of political stability promoted in relations with international partners.

Suggested Citation

  • Mihaela MITROI, 2018. "Repercursions Of The Implementation Of Fiscal Policy’S Objectives On Economic Growth," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1), pages 495-504, November.
    • Handle: RePEc:rom:mancon:v:12:y:2018:i:1:p:495-504
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    References listed on IDEAS

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    1. Ms. Selma Mahfouz & Mr. Richard Hemming & Mr. Michael Kell, 2002. "The Effectiveness of Fiscal Policy in Stimulating Economic Activity: A Review of the Literature," IMF Working Papers 2002/208, International Monetary Fund.
    2. Ant Afonso & Ricardo M. Sousa, 2012. "The macroeconomic effects of fiscal policy," Applied Economics, Taylor & Francis Journals, vol. 44(34), pages 4439-4454, December.
    3. Margit Molnár, 2012. "Fiscal consolidation: What factors determine the success of consolidation efforts?," OECD Journal: Economic Studies, OECD Publishing, vol. 2012(1), pages 123-149.
    4. António Afonso & Ricardo Sousa, 2011. "The macroeconomic effects of fiscal policy in Portugal: a Bayesian SVAR analysis," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 10(1), pages 61-82, April.
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