| Title |
Fiscal policy interaction with private investment: the case of the Baltic States / |
| Translation of Title |
Fiskalinės politikos sąveika su privačiomis investicijomis: Baltijos šalių atvejis. |
| Authors |
Sineviciene, Lina ; Vasiliauskaite, Asta |
| DOI |
10.5755/j01.ee.23.3.1934 |
| Full Text |
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| Is Part of |
Inžinerinė ekonomika = Engineering economics.. Kaunas : KTU. 2012, vol. 23, iss. 3, p. 233-241.. ISSN 1392-2785. eISSN 2029-5839 |
| Keywords [eng] |
fiscal policy ; private investment ; government revenue ; government expenditure ; macroeconomic indicators ; Baltic States |
| Abstract [eng] |
Government's role in promoting the country's economy remains a relevant issue both in academics and politicians debates. Not only for individual countries but also for the European Union as a whole the promotion of high value-added activities, in particular in lower development small open economies which hardly recover from external economic shocks and experience significant social problems due to high unemployment level remains a relevant issue. The country's competitiveness and level of development, as well as the country's economy growth, depend on high value-added investment growth, and both private and public investments play a significant role in economy of each country. Government's role, in particular through the fiscal policy, in the promotion of these activities is crucial. The prevailing view in the scientific literature is that in developed countries public investment crowds out private investment, while in developing – crowds in, but it is not clear under what conditions these effects occur because the countries are very different. Also the effect of the taxes revenues and the government expenditure indicators on private investment is unclear because the effect of these variables on private investment has not been studied comprehensively. So the aim of the research is to evaluate the relationship between fiscal policy indicators, such as the government revenues from taxes and the government expenditure, and private investment comprehensively including indicators of macroeconomic environment in the Baltic States, by applying correlation and regression analysis. [...]. |
| Published |
Kaunas : KTU |
| Type |
Journal article |
| Language |
English |
| Publication date |
2012 |
| CC license |
|
