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A New Approach Of The Budget Deficit: An Empirical Analysis

  • Ioan Talpos

    (West University of Timisoara)

  • Bogdan Dima

    (West University of Timisoara)

  • Mihai Mutascu

    (West University of Timisoara)

  • Cosmin Enache

    (West University of Timisoara)

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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File URL: http://128.118.178.162/eps/pe/papers/0510/0510023.pdf
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Paper provided by EconWPA in its series Public Economics with number 0510023.

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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
Contact details of provider: Web page: http://128.118.178.162

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  10. Goodhart, C A E, 1987. "Why Do Banks Need a Central Bank?," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 75-89, March.
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  12. Michael D. Bordo, 1990. "The lender of last resort : alternative views and historical experience," Economic Review, Federal Reserve Bank of Richmond, issue Jan, pages 18-29.
  13. Jong, Eelke de & Semenov, Radislav, 2002. "Cross-country differences in stock market development : a cultural view," Research Report 02E40, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
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