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Scientific paper - Preliminary note / Short communication
The relationship between fiscal policy and economic growth in CEE countries
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 38 (2020), 2; 653-666. https://doi.org/10.18045/zbefri.2020.2.653
Hodžić, Sabina; Demirović, Amer; Bečić, Emira

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Hodžić, S., Demirović, A. & Bečić, E. (2020). The relationship between fiscal policy and economic growth in CEE countries. Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 38. (2), 653-666. doi: 10.18045/zbefri.2020.2.653

Hodžić, Sabina, et al. "The relationship between fiscal policy and economic growth in CEE countries." Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, vol. 38, no. 2, 2020, pp. 653-666. https://doi.org/10.18045/zbefri.2020.2.653

Hodžić, Sabina, Amer Demirović and Emira Bečić. "The relationship between fiscal policy and economic growth in CEE countries." Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu 38, no. 2 (2020): 653-666. https://doi.org/10.18045/zbefri.2020.2.653

Hodžić, S., Demirović, A. and Bečić, E. (2020) 'The relationship between fiscal policy and economic growth in CEE countries', Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 38(2), pp. 653-666. doi: 10.18045/zbefri.2020.2.653

Hodžić S, Demirović A, Bečić E. The relationship between fiscal policy and economic growth in CEE countries. Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu [Internet]. 2020 [cited 2025 February 19];38(2):653-666. doi: 10.18045/zbefri.2020.2.653

S. Hodžić, A. Demirović and E. Bečić, "The relationship between fiscal policy and economic growth in CEE countries", Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, vol. 38, no. 2, pp. 653-666, 2020. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:191:725185. [Accessed: 19 February 2025]

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Title (english)The relationship between fiscal policy and economic growth in CEE countries
Title (croatian)Povezanost fiskalne politike i gospodarskog rasta u zemljama srednje i istočne Europe
AuthorSabina Hodžić
AuthorAmer Demirović
AuthorEmira Bečić
Author's institutionUniversity of Rijeka
Faculty of Tourism and Hospitality Management
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (croatian)
Povezanost i efekti između fiskalne politike i gospodarskog rasta važna su teoretska i empirijska tema istraživanja. Neoklasični modeli smatraju da će ekonomski učinci u državnoj potrošnji biti neutralizirani efektima posljedičnih promjena u privatnoj potrošnji. S druge strane, endogeni modeli rasta smatraju da promjene u razini i sastavu oporezivanja i državne potrošnje utječu na gospodarski rast. Cilj rada je istražiti povezanost i efekte fiskalne politike i gospodarskog rasta u 21 zemlji srednje i istočne Europe u razdoblju od 2000. – 2018. godine. Empirijski rezultati, nakon kontrole zajedničkih i specifičnih varijabli za pojedinu zemlju, ukazuju na to da povećanje oporezivanja, ali ne i neproduktivnih izdataka, može pozitivno utjecati na gospodarski rast. Glavni rezultati empirijske analize su: (i) da postoji značajna i pozitivna povezanost između opće razine oporezivanja i gospodarskog rasta; i (ii) da ne postoji povezanost između državne finalne potrošnje i gospodarskog rasta. Rezultati empirijske analize doprinjeli su znanstvenoj literaturi potvrđujući povezanost između državnih poreznih prihoda i ekonomskog rasta u zemljama srednje i istočne Europe.
Abstract (english)
The relationship and effects between fiscal policy and economic growth have been an important theoretical and empirical research topic. The neoclassical models imply that the economic effects of changes in government spending will be neutralised by the impact of consequent changes in private spending. Endogenous growth models, on the other hand, imply that changes in the level and composition of taxation and government expenditure can affect economic growth. This aim of the paper is to explore the relationship and effects of fiscal policy and economic growth in 21 Central and Eastern European (CEE) countries over the period 2000-2018. The results, after controlling for various common and country-specific variables, imply that an increase in taxation, but not in non-productive expenditures, can positively affect economic growth. Our main findings are: (i) there is a significant and positive contemporaneous relationship between the general level of taxation and economic growth; and (ii) there is no relationship between the government final consumption and economic growth. Therefore, our results contributed to the scientific literature by providing empirical evidence on the contemporaneous relationship between the general government tax receipt and economic growth in CEE countries.
Keywords (croatian)
Keywords (english)
Languageenglish
Publication typeScientific paper - Preliminary note / Short communication
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu
Numberingvol. 38, no. 2, pp. 653-666
p-ISSN1331-8004
e-ISSN1846-7520
DOIhttps://doi.org/10.18045/zbefri.2020.2.653
URN:NBNurn:nbn:hr:191:725185
Publication2020
ProjectNumber: uniri-drustv-18-255
Title (croatian): Pametni gradovi u funkciji razvoja nacionalnog gospodarstva
Title (english): Smart cities in function of development of national economy
Acronym: uniri-drustv-18-255
Leader: Saša Drezgić
Jurisdiction: eu
Document URLhttps://hrcak.srce.hr/249275
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2025-02-17 13:37:00