Dynamics and Macroeconomic Interaction of Government Expenditure in BELL and PIIGS: A Comparative Analysis

Nikolay Velichkov ()

Nauchni trudove, 2021, issue 4, 119-128

Abstract: The paper looks at the dynamics of government expenditure in the BELL (Bulgaria, Estonia, Latvia and Lithuania) and PIIGS (Portugal, Ireland, Italy, Greece and Spain) countries for the period 2000-2019, emphasizing its relationship with changes in macroeconomic activity. The empirical results show clear peculiarities both in time and in relation to the two distinct groups of countries. These differences between the BELL and PIIGS countries are reflected both in the own government expenditure dynamics and in the share of GDP, as well as in the cyclical interaction of government spending.

Keywords: government expenditure; macroeconomic activity; BELL countries; PIIGS countries (search for similar items in EconPapers)
JEL-codes: E32 E62 H12 H50 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://unwe-research-papers.org/bg/journalissues/article/10429 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2021:i:4:p:119-128

Access Statistics for this article

More articles in Nauchni trudove from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().