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A New Approach Of The Budget Deficit: An Empirical Analysis

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Author Info
Ioan Talpos (West University of Timisoara)
Bogdan Dima (West University of Timisoara)
Mihai Mutascu (West University of Timisoara)
Cosmin Enache (West University of Timisoara)

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Abstract

Economic policies and, particularly, fiscal policies are not designed and implemented in an “empty space”: the structural characteristics of the economic systems, the institutional architecture of societies, the cultural paradigm and the power relations between different social groups, define the borders of these policies. This paper tries to deal with these borders, to describe their nature and the implications of their existence to the fiscal policies’ quality and impact at a theoretical level as well as at an empirical one. The main results of the proposed analysis support the ideas that the mentioned variables matters both for the social mandate entrusted by the society to the state and thus to role and functions of the state and for the economic growth as a support of the resources collected at distributed by the public authorities.

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Publisher Info
Paper provided by EconWPA in its series Public Economics with number 0510023.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 34 pages
Date of creation: 31 Oct 2005
Date of revision:
Handle: RePEc:wpa:wuwppe:0510023

Note: Type of Document - pdf; pages: 34. Lisbon Conference on Money and Finance, 2004/08/31, ISEG- Instituto Superior de Economia e Gestão Rua Miguel Lupi, 20 1249-078 Lisbon
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Related research
Keywords: budget deficit; structural characteristics; economic freedom; institutions; cultural paradigm; political freedom;

Find related papers by JEL classification:
D6 - Microeconomics - - Welfare Economics
D7 - Microeconomics - - Analysis of Collective Decision-Making
H - Public Economics

This paper has been announced in the following NEP Reports:

References listed on IDEAS
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