Impact of government spending shocks in the Visegrad countries, 1999Q1-2019Q4
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arXiv
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| Hauptverfasser: | , |
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| Format: | Preprint |
| Veröffentlicht: |
2025
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| _version_ | 1866912605988192256 |
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| author | Bartha, Zoltan Matarrese, Marco M. |
| author_facet | Bartha, Zoltan Matarrese, Marco M. |
| contents | This study investigates the impact of a fiscal policy spending shock on the economy of the Visegrad 4 countries. The impact is estimated with an SVAR model, and the calculations are based on 84 quarterly observations (1999Q1-2019Q4). The results suggest that fiscal expansion has a larger than usual impact in the V4 countries (except for Slovakia): the estimated long-term (5-year) cumulative spending multipliers are 0.81 for Czechia, 1.14 for Hungary, and 1.76 for Poland (the Slovakian multiplier has a value of -0.18, but it is not significant). The discussion section also connects higher spending multipliers with a higher share of VAT revenues, a higher debt ratio, higher foreign debt, and lower openness. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2509_21397 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Impact of government spending shocks in the Visegrad countries, 1999Q1-2019Q4 Bartha, Zoltan Matarrese, Marco M. General Economics Economics This study investigates the impact of a fiscal policy spending shock on the economy of the Visegrad 4 countries. The impact is estimated with an SVAR model, and the calculations are based on 84 quarterly observations (1999Q1-2019Q4). The results suggest that fiscal expansion has a larger than usual impact in the V4 countries (except for Slovakia): the estimated long-term (5-year) cumulative spending multipliers are 0.81 for Czechia, 1.14 for Hungary, and 1.76 for Poland (the Slovakian multiplier has a value of -0.18, but it is not significant). The discussion section also connects higher spending multipliers with a higher share of VAT revenues, a higher debt ratio, higher foreign debt, and lower openness. |
| title | Impact of government spending shocks in the Visegrad countries, 1999Q1-2019Q4 |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2509.21397 |