- Tytuł:
- Modelling of fiscal policy effects on agriculture and industry in Ukraine
- Autorzy:
-
Shevchuk, V.
Kopych, R. - Powiązania:
- https://bibliotekanauki.pl/articles/95019.pdf
- Data publikacji:
- 2017
- Wydawca:
- Szkoła Główna Gospodarstwa Wiejskiego w Warszawie. Wydawnictwo Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie
- Tematy:
-
agriculture
industry
fiscal policy
nominal exchange rate
real exchange rate
Ukraine - Opis:
- This paper analyses the effects of fiscal policies upon agriculture and industry in Ukraine, with the SVAR model using quarterly data for the 2001–2016 period. The results indicate a positive effect of the government spending on both agricultural production and industrial output, while an increase in the government revenue is of the same expansionary impact for the latter only. Among other results, there is a weak negative short-lived spillover from agriculture to industry, with no causality running on the reverse. As agricultural production in Ukraine is associated with a higher level of government spending in the short run, a direction of causality seems to be just the opposite for industrial output. Both agriculture and industry bring about higher budget revenues in the short run, but for the latter this effect is lagged and more persistent. Controlling for fiscal policy effects, the nominal (real) exchange rate depreciation seems to be expansionary for industrial output. For agriculture, a nominal exchange rate depreciation is restrictionary in the short run, with an expansionary effect in the long run (however, this result is not supported in specification with the real exchange rate). Several implications of fiscal policy effects are discussed.
- Źródło:
-
Information Systems in Management; 2017, 6, 2; 131-142
2084-5537
2544-1728 - Pojawia się w:
- Information Systems in Management
- Dostawca treści:
- Biblioteka Nauki
Artykuł