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Influence of the Global Financial Crisis on Fiscal Burden in the EU Economies

Author

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  • Adam P. Balcerzak

    (Nicolaus Copernicus University, Poland)

Abstract

The main aim of the article is to assess an influence of the last global financial crisis on the level of fiscal burden in Central European countries compared to old member states of the EU. In the research the fiscal burden was treated as multidimensional phenomenon, which should be analyzed with application of multiple criteria analysis tools. In the research zero unitatization method was applied, which allowed to create synthetic measure of the fiscal burden in the EU countries in the years 2004-2015. The measure allowed to propose rankings of the countries and assess the changes of the level of the fiscal burden during and after the crisis. The research was based on the Eurostat data.

Suggested Citation

  • Adam P. Balcerzak, 2016. "Influence of the Global Financial Crisis on Fiscal Burden in the EU Economies," Working Papers 39/2016, Institute of Economic Research, revised Dec 2016.
    • Handle: RePEc:pes:wpaper:2016:no39
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    More about this item

    Keywords

    fiscal burden; multiple criteria analysis; zero unitarization method; synthetic measure;
    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
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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