The impact of fiscal rules on sustainable development of the Visegrad Group countries
Jens Hoelscher (),
Marta Postula (),
Agnieszka AliÅ„ska () and
JarosÅ‚aw Klepacki ()
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Jens Hoelscher: Bournemouth University, Executive Business Centre
Marta Postula: Warsaw University
Agnieszka AliÅ„ska: Warsaw School of Economics
JarosÅ‚aw Klepacki: University of Social Sciences, Poland
Authors registered in the RePEc Author Service: Jens Holscher ()
No BAFES17, BAFES Working Papers from Department of Accounting, Finance & Economic, Bournemouth University
The research question presented in this analysis focuses on national fiscal rules applicable in the VisegrÃ¡d Group, also called V4, Czech Republic, Hungary, Poland and Slovakia as expressed in the European standardised fiscal rules index and on their impact on the socio-economic policy, expressed by indicators relating to the condition of public finance, economic results and sustainability finance indicators. The use of fiscal rules as an instrument of fiscal sustainability is manifested by imposing the requirements as regards to borrowing and the costs of public debt service. A high level of debt can cause social development expenditure to be crowded out, contributing to growing development disparities in social and economic terms.
Keywords: fiscal rules; sustainable development; socio-economic policy (search for similar items in EconPapers)
JEL-codes: F4 H5 H6 (search for similar items in EconPapers)
Pages: 29 pages
New Economics Papers: this item is included in nep-eec and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:bam:wpaper:bafes17
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