FISCAL SUSTAINABILITY AND WELFARE IN THE EUROPEAN SOCIAL MODEL

Liliana Donath and (GHEORGHIOIU) Anca-Maria Brad

Revista Economica, 2012, vol. Supplement, issue 1, 257-265

Abstract: In the context of the European social model, the paper aims to assess the fiscal sustainability by measuring the gap between budgetary revenues and expenditures. Within this study, we have distinguished economic and social imbalances, triggered by ?passive policies?. In order to identify the distinctive to each area, countries were grouped according to their prevalent features and highlighting the common feature of each sub - model (SM). Therefore, the consequences are represented by a low education degree, leading to high unemployment rate. That would affect the sustainability of fiscal policy, with negative results on poverty and human development degree.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:supplement:y:2012:i:1:p:257-265

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