Fiscal Archetypes in the European Union
Anton Gerunov ()
Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies
A novel statistical approach is used to discern main types of public finance management (or fiscal archetypes) among countries in the European Union. Data, spanning 2002 to 2014, reveals four main archetypes across the dimensions of fiscal policy. Two of them are fiscally sustainable – one comprises big but responsible spenders, and the other – lean governments. Two of the archetypes are not sustainable, with expenditures exceeding revenue. Fiscal archetypes can be fruitfully used to prescribe tailored public policy interventions for countries, taking into account their specific economic and institutional circumstances and thus increasing the efficiency of policy.
Keywords: Public finance; fiscal aggregates; archetypes; clustering (search for similar items in EconPapers)
JEL-codes: H20 P16 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-pub
Date: 2015-03, Revised 2015-03
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.uni-sofia.bg/index.php/eng/content/dow ... file/BEP-2015-03.pdf First version, 2015 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2015-03
Access Statistics for this paper
More papers in Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies Contact information at EDIRC.
Bibliographic data for series maintained by Teodor Sedlarski ().