Economics at your fingertips  


Daniela Pirvu (), Amalia Dutu and Carmen Enachescu
Additional contact information
Daniela Pirvu: University of Pitesti, Romania
Amalia Dutu: University of Pitesti, Romania
Carmen Enachescu: University of Craiova, Romania

UTMS Journal of Economics, 2019, vol. 10, issue 1, 23-39

Abstract: The typical behaviour of EU Member States over the past decades has been to spend more public money than revenue earned by the government to finance programs with more or less important impact on society. Budget deficits and public debt have become important issues for EU countries, especially since a common currency, combined with very different tax regimes, can give rise to dangerous and unfair behaviours. The study proposes a new research technique for the fiscal behaviour of EU Member States. In the first stage of the research, a number of variables related to structural imbalances were defined. We assumed that EU Member States can be grouped into clusters according to these variables by which we characterize disciplined or undisciplined fiscal behaviour. We used Kmeans cluster analysis in order to establish if there are some clear patterns of fiscal behaviour among EU members. The research findings indicate that the research technique for the fiscal behaviour of Member States we proposed might be developed so as to allow identifying the Member States facing or likely to face problems in terms of public finances sustainability.

Keywords: election cycle; fiscal sustainability; Kmeans cluster analysis (search for similar items in EconPapers)
JEL-codes: E62 H60 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... vu-Dutu-Enachesu.pdf Full text (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:

Access Statistics for this article

UTMS Journal of Economics is currently edited by Prof. Zoran Ivanovic, PhD

More articles in UTMS Journal of Economics from University of Tourism and Management, Skopje, Macedonia Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Zoran Ivanovic, PhD ().

Page updated 2019-06-29
Handle: RePEc:ris:utmsje:0258