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Stability and Growth Pact Reform and Public Expenditure Structure in the European Union Member States

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  • Kristina Petrova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

This paper studies the problems of convergent and divergent tendencies in the functional allocation and structure of public expenditure in the EU Member States and the effect of the Stability and Growth Pact reform of year 2011 on them. The study is based on sigma convergence analysis. The dispersion between the countries is measured via the coefficient of variation. The dispersion is calculated as an average value for each of the two periods under examination - before and after the reform of the Stability and Growth Pact. The empirical results show that the reform leads to greater convergence between the Member States in terms of the structure of public expenditure

Suggested Citation

  • Kristina Petrova, 2016. "Stability and Growth Pact Reform and Public Expenditure Structure in the European Union Member States," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 33-47, March.
    • Handle: RePEc:nwe:eajour:y:2016:i:1:p:33-47
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    References listed on IDEAS

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    1. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-251, April.
      • Barro, R.J. & Sala-I-Martin, X., 1991. "Convergence," Papers 645, Yale - Economic Growth Center.
      • Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Convergence," Scholarly Articles 3451299, Harvard University Department of Economics.
    2. Koen Caminada & Kees Goudswaard & Olaf Van Vliet, 2010. "Patterns of Welfare State Indicators in the EU: Is there Convergence?," Journal of Common Market Studies, Wiley Blackwell, vol. 48(3), pages 529-556, June.
    3. Van Vliet, Olaf & Kaeding, Michael, 2007. "Globalisation, European Integration and Social Protection – Patterns of Change or Continuity?," MPRA Paper 20808, University Library of Munich, Germany.
    4. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
    5. Jesús Ferreiro & M. Teresa García-del-Valle & Carmen Gómez, 2013. "An Analysis of the Convergence of the Composition of Public Expenditures in European Union Countries," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(4), pages 799-825, October.
    6. Peter A. Cornelisse & Kees P. Goudswaard, 2002. "On the convergence of social protection systems in the European Union," International Social Security Review, John Wiley & Sons, vol. 55(3), pages 3-17.
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    Cited by:

    1. Nikolay Velichkov & Kristina Stefanova, 2017. "Tax Models in the EU: a Cluster Analysis," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 573-583, December.

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    More about this item

    Keywords

    Stability and Growth Pact reform; public expenditure structure; convergence; European Union;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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