datacite.subject.fos	Ciências Sociais::Economia e Gestão	pt_PT
dc.contributor.advisor	Tavares, José
dc.contributor.author	Picker, Nils
dc.date.accessioned	2017-07-31T12:22:31Z
dc.date.available	2017-07-31T12:22:31Z
dc.date.issued	2017-01-20
dc.description.abstract	In the recent literature the impact of institutional variables on macroeconomic policy outcomes has been largely ignored. However one particular strand of the political economy has lately shed some light on the relationship between fiscal policy and its effects on economic growth by distinguishing the type of capitalism which characterizes developed countries. In this paper I will follow this so-called Varieties of Capitalism approach to examine the question, whether fiscal policy in liberal market economies is more effective than in non-liberal ones due to institutional complementarities. For this purpose I rely on a mixed-methodology, first using vector autoregressive models to determine fiscal multipliers across 19 OECD countries, before investigating by which institutional factors expansionary fiscal effects might be influenced. Indeed, significant difference in the size of the multiplier between the two production regimes can be found. However, the obtained results seem exactly to contradict my expectations.	pt_PT
dc.identifier.tid	201715953	pt_PT
dc.identifier.uri	http://hdl.handle.net/10362/22297
dc.language.iso	eng	pt_PT
dc.title	Fiscal policy in the context of varieties of capitalism	pt_PT
dc.type	master thesis
dspace.entity.type	Publication
rcaap.rights	openAccess	pt_PT
rcaap.type	masterThesis	pt_PT
thesis.degree.name	A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics	pt_PT

Fiscal policy in the context of varieties of capitalism

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