xmlui.ArtifactBrowser.SimpleSearch.filter.source:Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 43/2018
ISSN:1211-555X (Print)
Abstract:
The fiscal consolidation process is determined by many factors of economic,
monetary, political or fiscal environment. The paper is focused on analysis and
assessment of selected determinants on the attributes of fiscal consolidation process
within European Union member countries. The purpose of this paper is to study
relations between macroeconomic, fiscal, political and other determinants using
methods of quantitative economy. Analysis is focused on the duration, length and
intensity of fiscal consolidation episodes and the quantification of their impact
polarity. The paper identifies statistically significant determinants that can affect the
success of a fiscal consolidation. The research results of performed panel regression
analysis within time period 1995-2016 within EU member countries pointed out that
macroeconomic and fiscal conditions are significant for the whole consolidation
process and to all its attributes. The paper was developed within the project VEGA
1/0967/15.