Search results for "Macroeconomic variable"
showing 2 items of 2 documents
A macroeconomic analysis of the farmland value determinants in Italy
2013
The determinants of farmland value and the factors that have caused its changes over time have been discussed extensively in the economic literature. This studies offer different classifications of the determinants of the farmland value. The aim of this paper is to investigate the influence on the farmland value of the some macro-economic variables related to the agricultural sector both directly and indirectly. A multiple regression model is adopted to answer the research questions. The results showed, on the one hand, a strong influence of agricultural productivity, a regional expenditure allocated to the sector and an increasing diffusion in the regions of protected areas on the farmland…
The effects of fiscal policy shocks on the business environment
2021
Fiscal policy influences economic conditions through public spending and taxes, generating positive or negative impulses, both on short and long term. The present research focuses on analysing the effects of the discretionary changes in the fiscal policy in seven post-communist countries of the European Union during the period 2000–2018. The autoregressive distributed lag model (ARDL) has been applied in order to obtain the convergence rates to equilibrium with a clear analysis of the periods needed to achieve the long-run fiscal sustainability. Also, the error correction vector model (VECM), which is based on the autoregressive vector (VAR) model, has been used in the second part of the an…