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1.
Fiscal multiplier and the role of income and wealth inequality
Marko Senekovič, Jani Bekő, 2025, izvirni znanstveni članek

Opis: There is a lack of research concerning the influence of economic inequality on the size of fiscal multipliers. To address this, we apply a VAR methodological framework to assess the magnitude of fiscal multipliers for 47 economies, using a new quarterly dataset spanning the period from 1995 to 2021. We then gauge the impact of the battery of income and wealth inequality measures on the size of government consumption multipliers. To ensure the robustness of the results, a yearly panel data sample was also tested. The key findings of our empirical exercise can be outlined as follows. First, the estimated government consumption multipliers exhibit a generally positive trajectory throughout the forecast horizon in approximately 66% of the countries analysed, while in 19% of the sample, they remain largely negative, and in the remaining 15% of cases, they display a mixed pattern, being positive only during certain periods. Second, in 53% of the countries examined, the fiscal multiplier exceeds the threshold of one at least once during the forecast period, suggesting a greater output effect of fiscal expansion in these countries. Third, the more pronounced the income and wealth inequality in a country, the higher the value of the fiscal multiplier. This research outcome supports the proposition that higher economic inequality, especially income inequality, will generate greater government spending effects.
Ključne besede: fiscal policy, fiscal multiplier, economic inequality, panel VAR
Objavljeno v DKUM: 12.06.2025; Ogledov: 0; Prenosov: 105
.pdf Celotno besedilo (2,81 MB)
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2.
Recent transformation of economic inequality in NUTS 3 regions in Slovenia
Lučka Lorber, 2011, izvirni znanstveni članek

Opis: The restructuring of the economy and transition to a market economy have had different impacts on the economic position of regions. The level of impact that changed economic and socio-political circumstances caused in the individual regions depended on various factors: the economic structure of the regions, their ability to reroute onto foreign markets, development potentials, development strategies, and their strategic decisions. Development problems are distinctive predominantly in areas suffering from structural backwardness and economic weakness with predominantly rural orientation, areas facing demographic problems, low income per inhabitant and high unemployment rate. The peripheral nature of the underdeveloped areas caused the emptying of the countryside and concentrating of the population in urban centers. Unfavorable demographic picture, emigration of the young, poor educational structure and shortage of adequate staff, and absence of strategic decisions had led to an increasing setback of the underdeveloped regions compared to the developed ones. The results of empirical analyses of division NUTS 3 regions in Slovenia into groups, taking into account the selected development indicators, lead to the conclusion that economic development has not been conducted in the context of modern understanding of balanced regional development and in accordance with the principle of integrity of implementing regional policy in the entire state territory. The existing regional developmental differences confirm the thesis that market mechanism on its own will not reduce economic inequality and substantiate the need for efficient conduct of regional policy.
Ključne besede: Slovenia, regional development, regional disparities, regional policy, transition, economic inequality
Objavljeno v DKUM: 07.06.2012; Ogledov: 1594; Prenosov: 33
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