FISCAL AUSTERITY POLICY IMPACT ON WELFARE
The ongoing global financial and economic crisis has caused a dramatic fall in growth, increased deficit, higher unemployment rates and strong price fluctuations. To achieve a balanced budget and reduce the national debt, the most of the national government have sacrificed the employment - one of t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Juraj Dobrila University of Pula
2017-04-01
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| Series: | Review of Innovation and Competitiveness |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/266881 |
| _version_ | 1819141842260721664 |
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| author | Romina Pržiklas Družeta Marinko Škare |
| author_facet | Romina Pržiklas Družeta Marinko Škare |
| author_sort | Romina Pržiklas Družeta |
| collection | DOAJ |
| description | The ongoing global financial and economic crisis has caused a dramatic fall in growth, increased deficit, higher unemployment rates and strong price fluctuations. To achieve a balanced budget and reduce the national debt, the most of the national government have
sacrificed the employment - one of the main indicators that reflect societies’ well-being and implemented fiscal austerity policy. The aim of this paper is to contribute to the literature on this topic and assess the short analysis of fiscal consolidation. Despite the ongoing debate
and numerous studies no consensus about whether and when austerity is likely to be beneficial has been achieved. Further, there are still open issues to understand the impact of austerity on poverty and welfare because of the difficulty of defining poverty and welfare also. The main conclusion is that the emphasis should be placed on correctly defining austerity methodology in a broader economic and social context. |
| first_indexed | 2024-12-22T12:00:52Z |
| format | Article |
| id | doaj.art-42b5b709eb434c838ab9d954d6c97897 |
| institution | Directory Open Access Journal |
| issn | 1849-8795 1849-9015 |
| language | English |
| last_indexed | 2024-12-22T12:00:52Z |
| publishDate | 2017-04-01 |
| publisher | Juraj Dobrila University of Pula |
| record_format | Article |
| series | Review of Innovation and Competitiveness |
| spelling | doaj.art-42b5b709eb434c838ab9d954d6c978972022-12-21T18:26:38ZengJuraj Dobrila University of PulaReview of Innovation and Competitiveness1849-87951849-90152017-04-013195118FISCAL AUSTERITY POLICY IMPACT ON WELFARERomina Pržiklas DružetaMarinko ŠkareThe ongoing global financial and economic crisis has caused a dramatic fall in growth, increased deficit, higher unemployment rates and strong price fluctuations. To achieve a balanced budget and reduce the national debt, the most of the national government have sacrificed the employment - one of the main indicators that reflect societies’ well-being and implemented fiscal austerity policy. The aim of this paper is to contribute to the literature on this topic and assess the short analysis of fiscal consolidation. Despite the ongoing debate and numerous studies no consensus about whether and when austerity is likely to be beneficial has been achieved. Further, there are still open issues to understand the impact of austerity on poverty and welfare because of the difficulty of defining poverty and welfare also. The main conclusion is that the emphasis should be placed on correctly defining austerity methodology in a broader economic and social context.https://hrcak.srce.hr/file/266881Fiscal austerity; Economic growth; Welfare; Sustainability |
| spellingShingle | Romina Pržiklas Družeta Marinko Škare FISCAL AUSTERITY POLICY IMPACT ON WELFARE Review of Innovation and Competitiveness Fiscal austerity; Economic growth; Welfare; Sustainability |
| title | FISCAL AUSTERITY POLICY IMPACT ON WELFARE |
| title_full | FISCAL AUSTERITY POLICY IMPACT ON WELFARE |
| title_fullStr | FISCAL AUSTERITY POLICY IMPACT ON WELFARE |
| title_full_unstemmed | FISCAL AUSTERITY POLICY IMPACT ON WELFARE |
| title_short | FISCAL AUSTERITY POLICY IMPACT ON WELFARE |
| title_sort | fiscal austerity policy impact on welfare |
| topic | Fiscal austerity; Economic growth; Welfare; Sustainability |
| url | https://hrcak.srce.hr/file/266881 |
| work_keys_str_mv | AT rominaprziklasdruzeta fiscalausteritypolicyimpactonwelfare AT marinkoskare fiscalausteritypolicyimpactonwelfare |