Public-sector organizations and the dynamics of public cash : evidence from data on public transactions

Grajžl, Peter (avtor), Mörec, Barbara (avtor)

We investigate interlinkages among public-sector organizations by studying the dynamics of public cash. Analyzing a comprehensive database of public-cash transactions in Slovenia, we construct weekly time series of cash sums disbursed by direct budget users (DBU), indirect budget users (IBU), and government-controlled private-law entities (GCPLE). Remarkably, the main originators of public-cash transactions are GCPLE. Using vector-autoregression, we find that cash transactions of each public-sector segment are self-perpetuating but, interestingly, covary to a limited extent. DBU transactions temporarily elevate, while GCPLE transactions permanently crowd out, IBU transactions. Shocks in DBU and IBU transactions drive GCPLE transactions during specific subperiods. Our paper offers a new empirical lens for understanding public-sector activity.

• Jezik: Angleški jezik
• Ključne besede: government budget, public finance, public sector, Slovenia, public cash, budget users, private-law entities, time series
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: EF - Ekonomska fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2025
• Št. strani: Str. 217-242
• Številčenje: Vol. 22, iss. 2
• PID: 20.500.12556/RUL-181225
• UDK: 336.1
• ISSN pri članku: 1824-2979
• DOI: 10.25428/1824-2979/041
• COBISS.SI-ID: 271872259

Avtorske pravice

Podatek o licenci CC BY-ND 4.0 je naveden na spletni strani založnika.

• Datum objave v RUL: 27.03.2026

Gradivo je del revije

• Naslov: European journal of comparative economics
• Založnik: Universita Carlo Cattaneo - LIUC
• ISSN: 1824-2979
• COBISS.SI-ID: 15251174

Licence

• Licenca: CC BY-ND 4.0, Creative Commons Priznanje avtorstva-Brez predelav 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by-nd/4.0/deed.sl
• Opis: Licenca Creative Commons Brez predelav dovoljuje uporabnikom ponovno distribucijo dela, vendar ne v spremenjeni obliki. Zahtevana je navedba avtorstva.

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: državni proračun, javne finance, javni sektor, Slovenija