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  • 标题:Fiscal policy in the European Union – present and perspectives
  • 其他标题:Fiscal policy in the European Union – present and perspectives
  • 本地全文:下载
  • 作者:Mara, Eugenia Ramona
  • 期刊名称:Acta Universitatis Danubius. Oeconomica
  • 印刷版ISSN:2065-0175
  • 电子版ISSN:2067-340X
  • 出版年度:2012
  • 卷号:8
  • 期号:2
  • 语种:English
  • 出版社:Danubius University
  • 摘要:This article analyzes the main trends of fiscal policy in the European Union, following the economic crisis impact and fiscal policy measures that were applied in this economic context. The study is focused in a few key areas: the evolution of fiscal policy captured by indicators measuring tax burden, public sector size analysis by quantifying public expenditure share in GDP and the evolution of budget deficits. Finally, the study watched correlations between fiscal policy and macroeconomic developments, identifying trends and anticipating possible solutions of fiscal policy to achieve the required coordinates of fiscal governance in the European Union. For realizing this study we use annual data from Eurostat Database for 2000-2010 for EU countries. The major findings of the study are the negative impact of the size of public sector on economic growth for EU and also for Romania and the increase of the tax revenue if the economic growth rates increase.
  • 关键词:fiscal policy; economic growth; budget deficit
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