Seeking a sustainable size and structure for the Greek public sector’s activities according to the fiscal pact for Euro

Sotiris Theodoropoulos ()
Additional contact information
Sotiris Theodoropoulos: University of Piraeus, Dept. of Maritime Studies, Piraeus, Greece

SPOUDAI Journal of Economics and Business, 2012, vol. 62, issue 3-4, 75-92

Abstract: A number of institutional and non-institutional factors, not only economically rational but also political and historical, have risen in the long after war debate about the public sector’s expansion, size and structure. Obvious inefficiencies, mounting resistance to further increases of tax burden, and concerns about long term sustainability of public finances, have stirred demands to reduce the size of public sector and reconsider the structure of expenditures and taxes. These factors are of crucial importance, for the required fiscal discipline in Euro –Zone and particularly under the new fiscal pact for Europe. In the case of Greek public sector, irresponsible fiscal policies, caused by political and institutional factors, seem to be the main reason of today’s most severe after war fiscal and economic crisis. The same factors, have also affected decisively the size and structure of Greek Public sector’s activities. By this paper on the contrary, we try to explore the determinants for a sustainable size and structure for the Greek Public Sector, according to the framework posed by the second bailout package, and the aforementioned fiscal pact.

Keywords: Measuring Public Sector size; Public Sector structure; Fiscal consolidation; Fiscal sustainability; Fiscal Pact (search for similar items in EconPapers)
JEL-codes: H11 H20 H30 H5 H62 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://spoudai.unipi.gr/index.php/spoudai/article ... 1/72/41-155-1-PB.pdf (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:spd:journl:v:62:y:2012:i:3-4:p:75-92

Access Statistics for this article

More articles in SPOUDAI Journal of Economics and Business from SPOUDAI Journal of Economics and Business, University of Piraeus Contact information at EDIRC.
Bibliographic data for series maintained by SPOUDAI Journal of Economics and Business ().