An Empirical Analysis of the Budget Deficit

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 bor...

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Main Authors: Ioan Talpos, Bogdan Dima, Mihai Mutascu, Cosmin Enache
Format: Article
Language:English
Published: General Association of Economists from Romania 2007-11-01
Series:Theoretical and Applied Economics
Subjects:
Online Access: http://store.ectap.ro/articole/261.pdf
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author Ioan Talpos
Bogdan Dima
Mihai Mutascu
Cosmin Enache
author_facet Ioan Talpos
Bogdan Dima
Mihai Mutascu
Cosmin Enache
author_sort Ioan Talpos
collection DOAJ
description 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 the 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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spelling doaj.art-36b0fb6b0eec4626a33e6a68bc24bb532022-12-22T02:51:28ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292007-11-01XIV1118418678An Empirical Analysis of the Budget DeficitIoan Talpos0Bogdan Dima1Mihai Mutascu2Cosmin Enache3 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 the role and functions of the state and for the economic growth as a support of the resources collected at distributed by the public authorities. http://store.ectap.ro/articole/261.pdf budget deficitstructural characteristicseconomic freedominstitutionscultural paradigmpolitical freedom
spellingShingle Ioan Talpos
Bogdan Dima
Mihai Mutascu
Cosmin Enache
An Empirical Analysis of the Budget Deficit
Theoretical and Applied Economics
budget deficit
structural characteristics
economic freedom
institutions
cultural paradigm
political freedom
title An Empirical Analysis of the Budget Deficit
title_full An Empirical Analysis of the Budget Deficit
title_fullStr An Empirical Analysis of the Budget Deficit
title_full_unstemmed An Empirical Analysis of the Budget Deficit
title_short An Empirical Analysis of the Budget Deficit
title_sort empirical analysis of the budget deficit
topic budget deficit
structural characteristics
economic freedom
institutions
cultural paradigm
political freedom
url http://store.ectap.ro/articole/261.pdf
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