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Economic And Fiscal Implications In The Post-Crisis Period

Author

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  • Alina Daniela Vodă

    (Department of Doctoral Studies, Faculty of Economic Sciences, "Lucian Blaga" University of Sibiu, Romania)

  • Loredana Andreea Cristea

    (Department of Doctoral Studies, Faculty of Economic Sciences, "Lucian Blaga" University of Sibiu, Romania)

Abstract

The post-crisis period was defined by an acute imbalance in the socio-economic environment of the countries. The fiscal policies applied at that time, designed to relieve the detrimental changes in the national economic structure, have been identified as being ineffective. They have not succeeded to generate positive effects, whether it is about short-term or long-term effects. This paper aims to identify some causes that have contributed to the financial crisis, as well as its effects by analysing some indicators from five emerging countries (Romania, Poland, Slovakia, Estonia and Lithuania) and five developed countries (Germany, the Netherlands, Italy, Sweden and Denmark) for a period of nine years, more exactly, from 2008 to 2016. The outcome of the analysis reveals that the imbalance in the economy, especially in emerging countries, has led to a major increase in the population exodus, all of which are closely linked to the development inability of the business environment. Moreover, there has been analysed the influence of investments (GFCF) and real labour productivity (LP) on gross domestic product (GDP) by applying the prospective Forward method in the SPSS statistical program, demonstrating that the business environment is a factor of influence in the economic growth of a country.

Suggested Citation

  • Alina Daniela Vodă & Loredana Andreea Cristea, 2018. "Economic And Fiscal Implications In The Post-Crisis Period," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 75-83, December.
    • Handle: RePEc:ora:journl:v:1:y:2018:i:2:p:75-83
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    References listed on IDEAS

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    Cited by:

    1. CRISTEA Loredana Andreea & ZETI Catalin, 2019. "Study On The Incidence Of Social Security Contributions On Employment And Unemployment, In The European Context," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 71(2), pages 24-42, September.

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    More about this item

    Keywords

    fiscal policy; real labour productivity; financial crisis; emigration; tax burden; business environment.;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • G01 - Financial Economics - - General - - - Financial Crises
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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