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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.author Ananiashvili, Iuri
dc.contributor.author Bardavelidze, Ana
dc.date.accessioned 2019-11-11T11:44:14Z
dc.date.available 2019-11-11T11:44:14Z
dc.date.issued 2018
dc.identifier.citation III International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2018, pp. 37-43 en_US
dc.identifier.isbn 978-9941-13-764-8
dc.identifier.uri http://dspace.tsu.ge/xmlui/handle/123456789/384
dc.description 1. 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.abstract According 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.language.iso ge en_US
dc.publisher Ivane Javakhishvili Tbilisi State University Press en_US
dc.subject aggregate demand; marginal propensity for goverment purchases; marginal propensity to consume; avarage tax rate en_US
dc.title Econometric analysis of the peculiarities of the impact of fiscal and monetary instruments on aggregate demand in the Georgian economy en_US
dc.type Article en_US


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