Author Archives | laura.obreja.brasoveanu

Correlation Between Government and Economic Growth – Specific Features for 10 Nms

The impact of fiscal policy on economic growth is a complex and contradictory topic in finance debates. Government influences real economy through the impact of public revenues and expenditures on the quantity and quality of production factors, labor and capital. High taxation for supporting big public sector can impede growth. On the other hand, some of the public expenditures can stimulate growth. This opposite effects of the public sector’s intervention through fiscal policy rise the debate about the performance of public sector in stimulating economic growth. The aim of this paper is to analyze the differences between developed UE countries and former communist EU countries regarding the public sectors and economic growth

  Correlation Between Government and Economic Growth - Specific Features for 10 Nms (302.7 KiB, 5,352 hits)

Posted in Knowledge Management, Volume II, Issue no. 5Comments Off on Correlation Between Government and Economic Growth – Specific Features for 10 Nms

Fiscal Policy In European Union Countries – A Comparative Analysis Of Adjustment And Expansions Fiscal Policy Episodes

Current financial and economical context brings new challenges for most of the countries – the decrease of public revenues and the incapacity to adjust the public expenditures. This article aims to identify the applied strategies for large discretionary fiscal changes – fiscal adjustments and fiscal expansions for the period 1996-2011 in European Union countries – through changes in public revenues or public expenditures, and the effects on the economic growth process. Using data for fiscal adjustments (improve more than 1.5 percentage points of the budget balance) and for fiscal expansions (deterioration more than 1.5 percentage points of the budget balance), there are analysed the strategies and the consequences for reducing/increasing the deficit.

  Authors: Fiscal Policy In European Union Countries – A Comparative Analysis Of Adjustment And Expansions Fiscal Policy Episodes (267.7 KiB, 2,070 hits)

Posted in Economics, Volume II, Issue no. 3Comments Off on Fiscal Policy In European Union Countries – A Comparative Analysis Of Adjustment And Expansions Fiscal Policy Episodes