Significance of Public Expenditure for the Formation of Separate Models of Socio-economic Development in the European Union

Kristina Petrova
Authors registered in the RePEc Author Service: Kristina Stefanova

Ikonomiceski i Sotsialni Alternativi, 2014, issue 1, 58-71

Abstract: The article is devoted to the problem of the different models within the European Union prompted by the diversity in the socio-economic development of the Member States. In particular, it explores the significance of public expenditure for the formation of separate models of socioeconomic development in the European Union. Through the application of the method of cluster analysis it was established that due to differences between Member States in absolute value (euro per capita) of the types of public expenditure by function, there are formed four separate models in the European Union which differ in the size and structure of public expenditure.

JEL-codes: C38 F02 H50 P51 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2014:i:1:p:58-71

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