Sustainability of fiscal policy in Poland in the period 2004–2017
Journal Title: International Journal of Management and Economics - Year 2018, Vol 54, Issue 3
Abstract
The aim of this paper is to analyze fiscal sustainability in Poland after joining EU between 2004-2017. Unlike previous studies, which analyzed weak measures of fiscal sustainability, we analyze fiscal sustainability measures in the strong sense. Contrary to previous studies we estimate individual, not panel, fiscal reaction functions which allows us to provide possibly a more accurate picture of fiscal policy outcomes in Poland. Moreover, our empirical analysis takes a closer look at the series of structural breaks that occurred after the global crisis. Based on our analysis we may tentatively conclude that despite cyclical fiscal deterioration during the crisis fiscal policy in Poland has been sustainable in the strong sense up until 2017.
Authors and Affiliations
Maciej Wysocki, Cezary Wójcik
Keywords
Related Articles
- EP ID EP570785
- DOI 10.2478/ijme-2018-0021
- Views 60
- Downloads 0
Exploration of Key Success Factors that Influence Business Performance: The Experiences of Women Micro-entrepreneurs from Mazovia Voivodeship of Poland
Women-owned businesses are one of the fastest growing categories of firms in the world, but they are greatly understudied in countries from the Central and Eastern Europe (CEE) [Zapalska et al., 2005]. The purpose of thi...
The Perception of Job-related Motivators When Choosing a Career in the Tourism and Hospitality Industry – A Comparative Study Between Polish and Spanish Students
The recent rapid growth of the tourism and hospitality industries raises a question about the quantity and quality of the workforce needed in these sectors. In the tourism/hospitality industry, where most services are de...
Internationalization of the Entrepreneurial Activity of Social Purpose Organizations
The objective of this paper is to analyse and identify patterns of international entrepreneurial activity of social purpose organizations. The article utilizes international social entrepreneurship literature to develop...
Risk of Investments in Human Capital and Expected Worker Mobility
The main purpose of the article is to examine workers’ mobility expectations under the risk of investments in human capital. We focus on the earnings risk associated with investments in human capital. In particular, we a...
Crude oil, natural gas, and economic growth: impact and causality analysis in Caspian Sea region
The main objective of this study was to investigate the impact and causality of crude oil and natural gas on economic growth in the Caspian Sea region. Here, the study applies ordinary least square (OLS) method and Grang...