IDEAS home Printed from https://ideas.repec.org/a/nwe/eajour/y2016i1p33-47.html
   My bibliography  Save this article

Stability and Growth Pact Reform and Public Expenditure Structure in the European Union Member States

Author

Listed:
  • Kristina Petrova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

This paper studies the problems of convergent and divergent tendencies in the functional allocation and structure of public expenditure in the EU Member States and the effect of the Stability and Growth Pact reform of year 2011 on them. The study is based on sigma convergence analysis. The dispersion between the countries is measured via the coefficient of variation. The dispersion is calculated as an average value for each of the two periods under examination - before and after the reform of the Stability and Growth Pact. The empirical results show that the reform leads to greater convergence between the Member States in terms of the structure of public expenditure

Suggested Citation

  • Kristina Petrova, 2016. "Stability and Growth Pact Reform and Public Expenditure Structure in the European Union Member States," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 33-47, March.
    • Handle: RePEc:nwe:eajour:y:2016:i:1:p:33-47
    as

    Download full text from publisher

    File URL: http://www.unwe.bg/uploads/Alternatives/Petrova_br1_2016-4.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Koen Caminada & Kees Goudswaard & Olaf Van Vliet, 2010. "Patterns of Welfare State Indicators in the EU: Is there Convergence?," Journal of Common Market Studies, Wiley Blackwell, vol. 48(3), pages 529-556, June.
    2. repec:bla:jcmkts:v:48:y:2010:i::p:529-556 is not listed on IDEAS
    3. Peter A. Cornelisse & Kees P. Goudswaard, 2002. "On the convergence of social protection systems in the European Union," International Social Security Review, John Wiley & Sons, vol. 55(3), pages 3-17.
    4. Van Vliet, Olaf & Kaeding, Michael, 2007. "Globalisation, European Integration and Social Protection – Patterns of Change or Continuity?," MPRA Paper 20808, University Library of Munich, Germany.
    5. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
    6. Jesús Ferreiro & M. Teresa García-del-Valle & Carmen Gómez, 2013. "An Analysis of the Convergence of the Composition of Public Expenditures in European Union Countries," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(4), pages 799-825, October.
    7. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-251, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nikolay Velichkov & Kristina Stefanova, 2017. "Tax Models in the EU: a Cluster Analysis," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 573-583, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Savoia, Francesco, 2024. "Income inequality convergence among EU regions," Socio-Economic Planning Sciences, Elsevier, vol. 92(C).
    2. repec:zbw:rwidps:0030 is not listed on IDEAS
    3. Atolia, Manoj & Chatterjee, Santanu & Turnovsky, Stephen J., 2010. "How misleading is linearization? Evaluating the dynamics of the neoclassical growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1550-1571, September.
    4. Quah, Danny, 1994. "One business cycle and one trend from (many,) many disaggregates," European Economic Review, Elsevier, vol. 38(3-4), pages 605-614, April.
    5. Erich Gundlach, 2003. "Growth Effects of EU Membership: The Case of East Germany," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 30(3), pages 237-270, September.
    6. Michael Beenstock & Daniel Felsenstein, 2003. "Decomposing the Dynamics of Regional Earnings Disparities in Israel," ERSA conference papers ersa03p90, European Regional Science Association.
    7. Olajide, Victor, 2015. "An examination of inter-regional spillover effects of macroeconomic policies in Nigeria," MPRA Paper 69242, University Library of Munich, Germany.
    8. Kim, Hyungtai & Ahn, Sanghoon & Ulfarsson, Gudmundur F., 2021. "Impacts of transportation and industrial complexes on establishment-level productivity growth in Korea," Transport Policy, Elsevier, vol. 100(C), pages 89-97.
    9. Hasan Engin DURAN, 2015. "Non-Linear Regional Income Divergence And Policies: Turkey Case," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 107-114, December.
    10. Rey, Sergio, 2015. "Bells in Space: The Spatial Dynamics of US Interpersonal and Interregional Income Inequality," MPRA Paper 69482, University Library of Munich, Germany.
    11. Tausch, Arno, 2018. "The return of religious Antisemitism? The evidence from World Values Survey data," MPRA Paper 90093, University Library of Munich, Germany.
    12. Wan, Guang Hua, 2005. "Convergence in food consumption in Rural China: Evidence from household survey data," China Economic Review, Elsevier, vol. 16(1), pages 90-102.
    13. Maria Cipollina & Giorgia Giovannetti & Filomena Pietrovito & Alberto F. Pozzolo, 2012. "FDI and Growth: What Cross-country Industry Data Say," The World Economy, Wiley Blackwell, vol. 35(11), pages 1599-1629, November.
    14. Fernando Mayoral & Carlos Garcimartín, 2013. "The impact of population on the reduction of steady-state disparities across Spanish regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 50(1), pages 49-69, February.
    15. Michelacci, Claudio & Zaffaroni, Paolo, 2000. "(Fractional) beta convergence," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 129-153, February.
    16. Rodolfo Cermeño, 2007. "Median-Unbiased Estimation in Panel Data: Methodology and Applications to the GDP Convergence and Purchasing Power Parity Hypotheses," Working Papers DTE 407, CIDE, División de Economía.
    17. Bar-El, Raphael & Parr, John B., 2002. "From metropolis to metropolis-based region: the case of Tel-Aviv," ERSA conference papers ersa02p392, European Regional Science Association.
    18. Massimiliano Affinito, 2011. "Convergence clubs, the euro-area rank and the relationship between banking and real convergence," Temi di discussione (Economic working papers) 809, Bank of Italy, Economic Research and International Relations Area.
    19. Mustafa Gömleksiz & Ahmet Şahbaz & Birol Mercan, 2017. "Regional Economic Convergence in Turkey: Does the Government Really Matter for?," Economies, MDPI, vol. 5(3), pages 1-16, July.
    20. Martina Vukašina & Ines Kersan-Škabiæ & Edvard Orliæ, 2022. "Impact of European structural and investment funds absorption on the regional development in the EU–12 (new member states)," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(4), pages 857-880, December.
    21. Evan Lau & Koon Po Lee, 2008. "Interdependence of income between China and ASEAN‐5 countries," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing Limited, vol. 1(2), pages 148-161, June.

    More about this item

    Keywords

    Stability and Growth Pact reform; public expenditure structure; convergence; European Union;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:eajour:y:2016:i:1:p:33-47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.