Fiscal policy and private investment in Greece

Kasselaki, Maria; Tagkalakis, Athanasios

doi:10.1016/j.inteco.2016.03.003

Cited by 12 publications

(5 citation statements)

References 42 publications

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“…In Greece, the Netherlands and Portugal the response from a taxation shock appears to be insignificant. Overall, the conclusions of Kasselaki and Tagkalakis (2016) do not appear to hold for business confidence as a positive relationship appears to hold between an increase in taxation and business confidence, perhaps due to the fact that more taxation can be less harmful, ceteris paribus, to the economy, given that only if private spending takes place will there be a corresponding increase in taxation income. To this end, future research could perhaps employ specific tax rates which would be more useful in correctly specifying this relationship.…”

Section: Resultsmentioning

confidence: 91%

“…Business confidence response to a negative government spending shock.As suggested earlier,Figure 3aims at examining whether, following the results ofKasselaki and Tagkalakis (2016), tax-based fiscal consolidation has a different effect on business confidence relative to an expenditure-based fiscal consolidation. As the results indicate, business confidence increases in Germany, Italy and Spain, while an insignificant response is found…”

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confidence: 99%

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Effects of fiscal consolidation on business confidence in the Euro Area

2018

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We employ a factor-augmented VAR (FAVAR) covering both domestic and international developments to examine the confidence effects of a fiscal shock, using a sample of six euro area countries. The results indicate that following a shock in total government expenditure, responses are country-specific, while a weak geographical pattern, i.e. a distinction between core and periphery countries can be observed. Overall, the confidence response is short-lived and returns to zero after a few quarters. Heterogeneity in country responses also indicates that the Bachmann and Sims (2012) conclusion suggesting the endogenous response of confidence explaining almost all of the fiscal-driven output expansion in recessions, may hold only in country-specific cases.

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Section: Resultsmentioning

confidence: 91%

mentioning

confidence: 99%

Effects of fiscal consolidation on business confidence in the Euro Area

2018

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“…Hasil penelitian ini bersesuaian dengan yang dilakukan oleh (Vong & Chan, 2006) dan (Kasselaki & Tagkalakis, 2016) Pengaruh dana pihak ketiga terhadap return on assets bahwa dana pihak ketigaberpengaruh positif terhadap return on assets (sig< α=0,05). Hal ini menunjukkan bahwa semakin tinggi dana pihak ketiga maka semakin tinggi return on assets, begitu sebaliknya semakin rendah kecukupan maka semakin rendahreturn on assets.…”

Section: Kecukupan Modal Dalam Penelitian Ini Adalahunclassified

Pengaruh Kecukupan Modal, Non Performing Loan (NPL) dan Dana Pihak Ketiga Terhadap Profitabilitas Perbankan (Studi Kasus Pada Bank Umum Yang Terdaftar Di Bursa Efek Indonesia Tahun 2013-2018)

Wea

Darma

Bagiada

2022

WEDJ

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Penelitian ini berjudul “Pengaruh Kecukupan Modal, Non Performing Loan (NPL), dan Dana Pihak Ketiga Terhadap Profitabilitas Perbankan (Pada Bank Umum Yang Terdaftar di Bursa Efek Indonesia). Adapun tujuan ini untuk mengetahui pengaruh Kecukupan Modal, Non Performing Loan, dan Dana Pihak Ketiga terhadap Profitabilitas. Jumlah sampel dalam penelitian ini adalah 10 perusahaan. Jenis data dalam penelitian ini adalah data sekunder dengan metode pengumpulan data berupa dokumentasi. Teknik analisis yang digunakan adalah teknik analisis linear berganda dimana sebelumnya dilakukan uji instrumen penelitian dan uji asumsi klasik. Hasil penelitian menunjukkan bahwa variabel Kecukupan Modal (X1) berpengaruh positif dan signifikan terhadap profitabilitas (Y), variabel Non Performing Loan (X2) berpengaruh negatif dan signifikan terhadap profitabilitas (Y), dan variable Dana Pihak Ketiga (X3) berpengaruh positif dan signifikan terhadap profitabilitas (Y).

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“…Besides, Kasselaki and Tagkalakis (2016) examine the effect of fiscal policy on financial markets and economic sentiment in the transmission of fiscal policy shocks. The authors conclude that a tax-based fiscal consolidation has a more pronounced and more protracted negative effect on private investment relative to an expenditure-based fiscal consolidation.…”

Section: Literature Reviewmentioning

confidence: 99%

Effect of Fiscal and Monetary Policy on Private Investment in Vietnam

Tùng

2022

Business: Theory and Practice

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This paper aims to identify the effect of fiscal and monetary policy on private investment in Vietnam, a transition economy having robust economic growth. The quantitative analyze process employs the Autoregressive Distributed Lag (ARDL) model with a quarterly database in 2004–2020. The bound test study indicates that there is a long-term cointegration relationship between the policy variables and private investment. In the long run, the estimated result shows that the government expenditure and money supply have positive and significant impacts on private investment, however, the exchange rate has a negative and significant impact on private investment. In the short run, government expenditure also has a significant positive impact on private investment in Vietnam, besides, the lag of the private investment variable has a positive and significant which shows the supporting impact on private investment on itself. The coefficients of the tax revenue are positive and insignificant in the estimated functions. Therefore, the evidence suggests that the government needs to increase its expenditure which helps improve private investment in Vietnam in the future.

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Fiscal policy and private investment in Greece

Cited by 12 publications

References 42 publications

Effects of fiscal consolidation on business confidence in the Euro Area

Effects of fiscal consolidation on business confidence in the Euro Area

Pengaruh Kecukupan Modal, Non Performing Loan (NPL) dan Dana Pihak Ketiga Terhadap Profitabilitas Perbankan (Studi Kasus Pada Bank Umum Yang Terdaftar Di Bursa Efek Indonesia Tahun 2013-2018)

Effect of Fiscal and Monetary Policy on Private Investment in Vietnam

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