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A New Approach Of The Budget Deficit: An Empirical Analysis

Author

Listed:
  • Ioan Talpos

    (West University of Timisoara)

  • Bogdan Dima

    (West University of Timisoara)

  • Mihai Mutascu

    (West University of Timisoara)

  • Cosmin Enache

    (West University of Timisoara)

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.

Suggested Citation

  • Ioan Talpos & Bogdan Dima & Mihai Mutascu & Cosmin Enache, 2005. "A New Approach Of The Budget Deficit: An Empirical Analysis," Public Economics 0510023, University Library of Munich, Germany.
  • 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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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/pe/papers/0510/0510023.pdf
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    References listed on IDEAS

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    Cited by:

    1. Ioan Talpos & Alexandru Avram, 2013. "The Pro And Cons Of The New Treaty On Stability, Coordination And Governance In The Economic And Monetary Union," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 948-957, July.

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    More about this item

    Keywords

    budget deficit; structural characteristics; economic freedom; institutions; cultural paradigm; political freedom;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H - Public Economics

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