| Title: | Economic inequality and the size of government expenditure shocks : an empirical exercise |
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| Authors: | ID Senekovič, Marko (Author) |
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| Files: |  https://sciendo.com/article/10.2478/ngoe-2024-0019
 RAZ_Senekovic_Marko_2024.pdf (817,09 KB)
MD5: D4E5D9C7EE7C433B5D764C2110CD6B80
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | Empirical literature explains the heterogeneity of fiscal multiplier
estimates through the analysis of various cyclical and structural
determinants of economies, with economic inequality, as one of the key
structural characteristics, receiving relatively little attention so far. In
this study, using a wide sample of countries and applying the vector
autoregression methodology, we first estimated fiscal multipliers and
the impact of fiscal stimuli on the dynamics of the price level. The
findings indicate that the estimated fiscal multipliers are mostly
positive, and fiscal stimuli tend to produce an inflationary effect.
Subsequently, we examined the variability in the size of fiscal
multipliers in relation to various indicators of income and wealth
inequality. The key findings of this study reveal that as economic
inequality increases, particularly in the context of income disparities,
the size of fiscal multipliers also rises. This insight is particularly
important for policymakers in designing appropriate fiscal measures in
an evolving macroeconomic environment. |
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| Keywords: | fiscal multiplier, income inequality, wealth inequality, VAR |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Publication date: | 30.12.2024 |
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| Year of publishing: | 2024 |
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| Number of pages: | str. 1-11 |
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| Numbering: | Vol. 70, no. 4 |
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| PID: | 20.500.12556/DKUM-92958  |
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| UDC: | 330.101.541 |
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| ISSN on article: | 0547-3101 |
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| COBISS.SI-ID: | 231760899 |
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| DOI: | 10.2478/ngoe-2024-0019 |
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| Publication date in DKUM: | 28.05.2025 |
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| Views: | 224 |
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| Downloads: | 8 |
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| Metadata: |    |
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| Categories: | Misc.
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