Size and quality of public sector and economic growth changes occurring in the former communist EU countries
AbstractThe 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. These opposite effects of the public sector’s intervention through fiscal policy raise the debate about the performance of public sector in stimulating economic growth. The size and the quality of public sector is a reflection of the past and current political decisions. Ex-communist countries face the challenge of reconstructing the public sector, in order to correspond to the requirements of the market economy, but also to ensure a stable macroeconomic and social environment. The aim of this paper is to analyze the differences between developed EU countries and former communist EU countries regarding the public sectors and economic growth.
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Bibliographic InfoPaper provided by Universidade Portucalense, Centro de Investigação em Gestão e Economia (CIGE) in its series Working Papers with number 17/2011.
Length: 24 pages
Date of creation: 30 May 2011
Date of revision:
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More information through EDIRC
fiscal policy; size of public sector; quality of public sector; economic growth;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-19 (All new papers)
- NEP-MAC-2011-12-19 (Macroeconomics)
- NEP-TRA-2011-12-19 (Transition Economics)
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