Exploring Public Social Expenditure Trends in the Globalization Era
AbstractTriggered by the phenomenon of globalisation, during recent years there has been a process of State policy rationalisation in the social expenditure domain; hence the debate over the present role and dimension of welfare state has intensified. Following on the extensive multidisciplinary literature on this issue, the purpose of this paper is two-fold 1) to apply a traditional analysis of convergence (sigma and beta convergence) in public social expenditures and 2) to analyse public social expenditure allocation expressed as a % of GDP and derive a possible classification of the countries by means of a multivariate approach. Our results, revealing that some convergence in the expenditure domain occurred for certain Southern and Northern European countries, can be interpreted as a further contribution to the literature on contemporary public policy evaluation in the welfare domain.
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Bibliographic InfoArticle provided by European Research Studies Journal in its journal European Research Studies Journal.
Volume (Year): XV (2012)
Issue (Month): 1 ()
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Policy Making; Public Policy Expenditures; Principal Component Analysis; Cluster Analysis;
Find related papers by JEL classification:
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
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