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Significance of Public Expenditure for the Formation of Separate Models of Socio-economic Development in the European Union

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  • Kristina Petrova

Abstract

The article is devoted to the problem of the different models within the European Union prompted by the diversity in the socio-economic development of the Member States. In particular, it explores the significance of public expenditure for the formation of separate models of socioeconomic development in the European Union. Through the application of the method of cluster analysis it was established that due to differences between Member States in absolute value (euro per capita) of the types of public expenditure by function, there are formed four separate models in the European Union which differ in the size and structure of public expenditure.

Suggested Citation

  • Kristina Petrova, 2014. "Significance of Public Expenditure for the Formation of Separate Models of Socio-economic Development in the European Union," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 58-71, January.
  • Handle: RePEc:nwe:iisabg:y:2014:i:1:p:58-71
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    Citations

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    Cited by:

    1. Petar Peshev & Statty Stattev & Kristina Stefanova & Meglena Lazarova, 2019. "Financial Wealth Inequality Drivers in a Small EU Member Country: An Example from Bulgaria during the Period 2005-2017," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 41-72.
    2. Lilia Yotova & Kristina Stefanova, 2017. "Efficiency of Tertiary Education Expenditure in CEE Countries: Data Envelopment Analysis," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 352-364, September.
    3. 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.

    More about this item

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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