Econometric model Concerning The Impact Of The Fiscal Policy Upon The Economic Development. The Case Of The Countries From Central And Eastern Europe, Members Of The European Union

Mihaela Bebeşelea (), Paula Cornelia Mitran () and Octavian Neguriţă ()
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Mihaela Bebeşelea: Spiru Haret University, no. 32-34, Unirii Street, Constanta, Romania
Paula Cornelia Mitran: Spiru Haret University, no. 32-34, Unirii Street, Constanta, Romania
Octavian Neguriţă: Spiru Haret University, no. 32-34, Unirii Street, Constanta, Romania

Journal of Knowledge Management, Economics and Information Technology, 2012, vol. 2, issue 3, 12

Abstract: This article aims to demonstrate the confirmation or the refutation of the hypothesis that there is a connection between fiscal policy and economic development. The study begins with an overview of the main theoretical contributions. A few indicators that give the measure of the economic development are analysed for the sample of the Central and South Eastern European countries, members of the EU. The empirical analysis seeks to establish the relevance of the main determinants of the economic development (GDP per capita) and the three levers of the fiscal policy (fiscal pressure, the share of public expenditure in GDP and budgetary balance in the share of GDP), for each country, of the sample of the 12 countries of Central and South Eastern Europe, the new members of the European Union, during 2001-2010.

Keywords: economic development; economic growth; fiscal policy; panel data; EU (search for similar items in EconPapers)
JEL-codes: C21 C23 E62 H20 O11 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spp:jkmeit:1282

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