Judging the Sustainability of Czech Public Finances

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Title:Judging the Sustainability of Czech Public Finances
Creators:
Zápal, Jan
Journal or Publication Title:
AUCO Czech Economic Review, 1, 1, pp. 15-32
Uncontrolled Keywords:public finances, sustainability index, budget processes, fiscal illusion, deficit bias, factor analysis, open-ended expenditures

Abstract

The position of Czech public finances has been pronounced unsustainable by economists, while politicians claim more or less the opposite. Correct judgment is complicated by the purposeful use of arguments by the two groups in disagreement, by use of different methodology to collect the data and above all, by the fact that there is no precise benchmark for measuring the sustainability. My work attempts to surpass those complications. It attempts to shed more light on Czech public finances sustainability and to present further arguments, presenting Czech public finances in widest international context possible and using comparable, same-methodology based data, as well as different approaches and angles public sector can be looked upon. Despite my believe that careful reader should be allowed to arrive to his own conclusion, the analysis suggests that concerns of economists about the future development of Czech public finances are legitimate.

Official URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=8D4101D5-8C79-4EAF-B226-7B0C366B93DB&articleid=70A96A16-9FEC-424A-B785-894AEA08B11F

Title:Judging the Sustainability of Czech Public Finances
Creators:
Zápal, Jan
Uncontrolled Keywords:public finances, sustainability index, budget processes, fiscal illusion, deficit bias, factor analysis, open-ended expenditures
Subjects:H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HF Commerce
Divisions:Section of external journals > AUCO Czech Economic Review
Journal or Publication Title:AUCO Czech Economic Review
Volume:1
Number:1
Page Range:pp. 15-32
ISSN:1802-4696
Publisher:Charles University
Related URLs:
URLURL Type
http://auco.cuni.czPublisher
http://avi.lib.cas.cz/node/183Publisher
ID Code:4298
Item Type:Article
Deposited On:01 Jun 2009 18:32
Last Modified:01 Jun 2009 16:32

Citation

Zápal, Jan (2007) Judging the Sustainability of Czech Public Finances. AUCO Czech Economic Review, 1 (1). pp. 15-32. ISSN 1802-4696

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