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  • 标题:The Effects of the Current Global Economic and Financial Crisis on the EU Budget
  • 本地全文:下载
  • 作者:Adina DORNEAN ; Andreea SANDU
  • 期刊名称:Revista Transilvană de Ştiinţe Administrative
  • 印刷版ISSN:1454-1378
  • 出版年度:2013
  • 期号:40E
  • 出版社:Babes Bolyai University
  • 摘要:The aim of this paper is to analyze the main effects of the current global financial and eco-nomic crisis on the European Union budget and the measures that were taken in order to sup-port the EU member states with the purpose of limiting and counteracting its effects. The focus will be on the budgetary expenditure and on the new Treaty on Stability, Coordination and Gover-nance. For this purpose, we developed a regres-sion model using the Least Square method with three significant variables: a dependent variable ¨C EU budgetary expenditure and two indepen-dent variables ¨C budgetary deficit and unemploy-ment rate of member states. According to our analysis, the crisis determined the increase of the EU budgetary expenditure, which was due espe-cially to the increase of the budgetary deficit and rising unemployment in the EU member states. Our findings suggested that the budgetary deficit and the unemployment rate had a highly signifi-cant in.uence on community expenditure growth during the crisis, while the GDP growth and the public debt did not have any significance for the community expenditure growth
  • 关键词:global crisis; EU budget; Com-;munity expenditure; Treaty on Stability; regres-;sion model
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