{"?xml":{"@version":"1.0"},"edm:RDF":{"@xmlns:dc":"http://purl.org/dc/elements/1.1/","@xmlns:edm":"http://www.europeana.eu/schemas/edm/","@xmlns:wgs84_pos":"http://www.w3.org/2003/01/geo/wgs84_pos","@xmlns:foaf":"http://xmlns.com/foaf/0.1/","@xmlns:rdaGr2":"http://rdvocab.info/ElementsGr2","@xmlns:oai":"http://www.openarchives.org/OAI/2.0/","@xmlns:owl":"http://www.w3.org/2002/07/owl#","@xmlns:rdf":"http://www.w3.org/1999/02/22-rdf-syntax-ns#","@xmlns:ore":"http://www.openarchives.org/ore/terms/","@xmlns:skos":"http://www.w3.org/2004/02/skos/core#","@xmlns:dcterms":"http://purl.org/dc/terms/","edm:WebResource":[{"@rdf:about":"http://www.dlib.si/stream/URN:NBN:SI:doc-SIL4PVNU/e0ccb7e5-06f3-42c5-b5a1-da8a1e232e42/PDF","dcterms:extent":"424 KB"},{"@rdf:about":"http://www.dlib.si/stream/URN:NBN:SI:doc-SIL4PVNU/e9d8eb6b-00e3-4c24-8ce4-6e30a70b8d11/TEXT","dcterms:extent":"47 KB"}],"edm:ProvidedCHO":{"@rdf:about":"URN:NBN:SI:doc-SIL4PVNU","dcterms:issued":"2025","dc:creator":"Senekovič, Marko","dc:format":[{"@xml:lang":"sl","#text":"številka:1"},{"@xml:lang":"sl","#text":"letnik:71"},{"@xml:lang":"sl","#text":"str. 1-11"}],"dc:identifier":["ISSN:0547-3101","DOI:10.2478/ngoe-2025-0001","COBISSID_HOST:233411587","URN:URN:NBN:SI:doc-SIL4PVNU"],"dc:language":"en","dc:publisher":[{"@xml:lang":"sl","#text":"Društvo ekonomistov Maribor"},{"@xml:lang":"sl","#text":"Ekonomski center Maribor"},{"@xml:lang":"sl","#text":"Ekonomsko-poslovna fakulteta"}],"dc:source":{"@xml:lang":"sl","#text":"Naše gospodarstvo"},"dc:subject":[{"@xml:lang":"en","#text":"fiscal multiplier"},{"@xml:lang":"sl","#text":"fiskalna politika"},{"@xml:lang":"en","#text":"structural determinants"},{"@xml:lang":"sl","#text":"strukturne determinante"},{"@xml:lang":"sl","#text":"VAR"},{"@xml:lang":"en","#text":"wealth inequality"}],"dc:title":{"@xml:lang":"sl","#text":"Countries' structural characteristics and the magnitude of fiscal shock|"},"dc:description":[{"@xml:lang":"sl","#text":"The transmission channels of stabilizing fiscal policy remain partially unexplored, which presents a challenge for the effective management of economic policy. Using a broad dataset and vector autoregression methodology, this paper examines the relationship between selected structural characteristics of economies and the magnitude of fiscal multipliers. The results indicate that fiscal multipliers tend to be smaller in more developed economies, in business-friendly environments, and in EU and EMU member states. Additionally, findings on public and private debt, as well as savings levels, suggest that fiscal multipliers are higher in countries where a larger share of economic agents faces liquidity constraints. Consequently, increased public spending, driven by households' higher marginal propensity to consume, produces a stronger impact on output through the multiplier effect. Our results provide a foundation for fiscal policymakers to design appropriate measures tailored to the specific characteristics of individual economies, aiming to enhance the effectiveness of stabilization policies. Consequently, fiscal stimulus can achieve a greater impact while ensuring the efficient allocation of taxpayer resources"},{"@xml:lang":"sl","#text":"Transmisijski kanali stabilizacijske fiskalne politike še ostajajo delno neraziskani, kar predstavlja izziv za učinkovito vodenje ekonomske politike. Ta študija z uporabo obsežne podatkovnega niza in metodologijo vektorske avtoregresije analizira razmerje med izbranimi strukturnimi značilnostmi gospodarstev in velikostjo fiskalnih multiplikatorjev. Rezultati kažejo, da so fiskalni multiplikatorji praviloma manjši v bolj razvitih gospodarstvih, v poslovno prijaznih okoljih ter v državah članicah EU in EMU. Ob tem ugotovitve o javnem in zasebnem dolgu ter ravneh varčevanja nakazujejo, da so fiskalni multiplikatorji višji v državah, kjer se večji delež ekonomskih subjektov sooča z likvidnostnimi omejitvami. Posledično dodatna javna poraba zaradi višje mejne nagnjenosti k potrošnji povzroči močnejši končni učinek na ekonomsko aktivnost. Naši rezultati tako dajejo podlago nosilcem fiskalne politike za oblikovanje ustreznih ukrepov, prilagojenih specifičnim značilnostim posameznih gospodarstev, z namenom po izboljšani učinkovitosti stabilizacijske fiskalne politike. Posledično lahko s sistemom fiskalnih spodbud dosežemo večji učinek ob hkratni učinkoviti rabi davkoplačevalskih sredstev"}],"edm:type":"TEXT","dc:type":[{"@xml:lang":"sl","#text":"znanstveno časopisje"},{"@xml:lang":"en","#text":"journals"},{"@rdf:resource":"http://www.wikidata.org/entity/Q361785"}]},"ore:Aggregation":{"@rdf:about":"http://www.dlib.si/?URN=URN:NBN:SI:doc-SIL4PVNU","edm:aggregatedCHO":{"@rdf:resource":"URN:NBN:SI:doc-SIL4PVNU"},"edm:isShownBy":{"@rdf:resource":"http://www.dlib.si/stream/URN:NBN:SI:doc-SIL4PVNU/e0ccb7e5-06f3-42c5-b5a1-da8a1e232e42/PDF"},"edm:rights":{"@rdf:resource":"http://creativecommons.org/licenses/by-nc-nd/4.0/"},"edm:provider":"Slovenian National E-content Aggregator","edm:intermediateProvider":{"@xml:lang":"en","#text":"National and University Library of Slovenia"},"edm:dataProvider":{"@xml:lang":"sl","#text":"Univerza v Mariboru, Ekonomsko-poslovna fakulteta"},"edm:object":{"@rdf:resource":"http://www.dlib.si/streamdb/URN:NBN:SI:doc-SIL4PVNU/maxi/edm"},"edm:isShownAt":{"@rdf:resource":"http://www.dlib.si/details/URN:NBN:SI:doc-SIL4PVNU"}}}}