Econometric analysis of the peculiarities of the impact of fiscal and monetary instruments on aggregate demand in the Georgian economy

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dc.contributor.authorAnaniashvili, Iuri
dc.contributor.authorBardavelidze, Ana
dc.date.accessioned2019-11-11T11:44:14Z
dc.date.available2019-11-11T11:44:14Z
dc.date.issued2018
dc.description1. ანანიაშვილი ი., პაპავა ვ. გადასახადები, მოთხოვნა და მიწოდება: ლაფერ-კეინზიანური სინთეზი. თბილისი, საგამომცემლო ფირმა ”სიახლე”, 2009. 2. Ananiashvili I., Papava V. Laffer-Keynesian Syntesis and Macroeconomic Equlibrium. New York, Nova Science Publishers, 2014. 3. Долан Э. Дж.,Линдсей Д. Макроэкономика (пер. с английского). Санкт-Петербург, АОЗТ «Литера плюс», 1992. 4. Ромер Д. Высшая макроэкономика (пер. с английского). Москва, изд. дом ВШЭ, 2015. 5. Сакс Дж, Д., Ларрен Б. Макроэкономика. Глобальный подход (пер. с английского). Москва, Дело, 1996. 6. Greene W. H. Econometric analysis. 7th Edition. New York, Prentice Hall, Pearson Educftion, Inc. 2012.en_US
dc.description.abstractAccording to the model analysed in this article, increase of avarage tax rate can have either positive or negative impact on aggregate demand.Character of this impact is determined by the correspondence between marginal propensity of households to consume and marginal propensity for goverment purchases. This correspondence varies across states and time periods. In the article by means of econometric analysis it is shown that in 2006-2017 years marginal propensity of households to consume exceeded marginal propensity for goverment purchases in economy of Georgia. Because of this, aggregate demand was negatively dependent on avarage tax rate in Georgia during the discussed period of time.en_US
dc.identifier.citationIII International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2018, pp. 37-43en_US
dc.identifier.isbn978-9941-13-764-8
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/384
dc.language.isogeen_US
dc.publisherIvane Javakhishvili Tbilisi State University Pressen_US
dc.subjectaggregate demand; marginal propensity for goverment purchases; marginal propensity to consume; avarage tax rateen_US
dc.titleEconometric analysis of the peculiarities of the impact of fiscal and monetary instruments on aggregate demand in the Georgian economyen_US
dc.typeArticleen_US
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