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An analysis of COFOG expenditures in former Yugoslavian countries

Author

Listed:
  • Marko Crnogorac

    (Governance and Economics Research Network (GEN), Universidade de Vigo, Campus Universitario As Lagoas s/n, Ourense, Spain)

  • Santiago Lago-Peñas

    (Governance and Economics Research Network (GEN), Universidade de Vigo, Campus Universitario As Lagoas s/n, Ourense, Spain)

Abstract

In this paper, we carry out an in-depth analysis of public expenditure in all former Yugoslavian countries. Our purpose is threefold: first, to verify the existence of common patterns of spending; second, to investigate the cyclicality hypothesis of fiscal policy in non-OECD countries; and third, to analyse both political and economic determinants of expenditure composition. Our results show a weak convergence in structures, the countercyclical behaviour of public expenditures, and the influence of electoral cycles, business cycles, and the degree of nationalization of party systems on the composition of public expenditure.

Suggested Citation

  • Marko Crnogorac & Santiago Lago-Peñas, 2023. "An analysis of COFOG expenditures in former Yugoslavian countries," Public Sector Economics, Institute of Public Finance, vol. 47(2), pages 233-254.
    • Handle: RePEc:ipf:psejou:v:47:y:2023:i:2:p:233-254
    DOI: 10.3326/pse.47.2.4
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    More about this item

    Keywords

    COFOG expenditures; former Yugoslavia;

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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