Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/54617 
Erscheinungsjahr: 
2008
Quellenangabe: 
[Journal:] IBSU Scientific Journal (IBSUSJ) [ISSN:] 1512-3731 [Volume:] 2 [Issue:] 1 [Publisher:] International Black Sea University [Place:] Tbilisi [Year:] 2008 [Pages:] 7-22
Verlag: 
International Black Sea University, Tbilisi
Zusammenfassung: 
The study sheds light on the stabilizing role of government budget. It finds that in Bulgaria both taxes and government spending are negatively related to the real growth rate. This leads to the conclusion that budgetary expenditure influence output in a non-Keynesian fashion. The size of discretionary fiscal impulse is the main determinant of the non-Keynesian outcome. The results imply that although the balanced budget ensures the sustainability of public finances, it does not guarantee a growth-stimulating effect in case of a large government sector. Abstention from an active fiscal policy would allow the automatic stabilizers to operate freely and to counteract the negative shocks to the economy.
Schlagwörter: 
government budget
stabilizing fiscal policy
Keynesian
non-Keynesian effects
Dokumentart: 
Article

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