2019 government budget8/12/2023 Francesca D'Auria & Andrea Pagano & Marco Ratto & Janos Varga, 2009.Turkish Economic Review, KSP Journals, vol. " Fiscal Policy and Economic Growth, Empirical Evidence in European Union," Dimitrios PAPARAS & Christian RICHTER & Alexandros PAPARAS, 2015." The "Austerity Myth": Gain without Pain?," National Tax Journal, National Tax Association National Tax Journal, vol. " The Relationship Between Taxes and Growth at the State Level: New Evidence," Journal of Economic Dynamics and Control, Elsevier, vol. " Asymmetric Effects of Exogenous Tax Changes," " Fiscal Deficit and Its Impact on Economic Growth: Evidence from Bangladesh,"Įconomies, MDPI, vol. Mohammed Ershad Hussain & Mahfuzul Haque, 2017." An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output,"ħ269, National Bureau of Economic Research, Inc. Olivier Blanchard & Roberto Perotti, 1999.Qt9421k9hq, Department of Economics, UC Santa Cruz. Santa Cruz Department of Economics, Working Paper Series " Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences," Aizenman, Joshua & Kletzer, Kenneth, 2007." Dupuit, Pigou and cost of inefficiency in public services provision," " Fiscal policy and economic growth: Empirical evidence from the European Union,"Ģ015.06, International Network for Economic Research - INFER. Dimitrios Paparas & Christian Richter, 2015." Government Spending In A Simple Model Of Endogenous Growth,"ġ30, University of Rochester - Center for Economic Research (RCER). " Government Spending in a Simple Model of Endogeneous Growth,"ģ451296, Harvard University Department of Economics. " Government Spending in a Simple Model of Endogenous Growth,"Ģ588, National Bureau of Economic Research, Inc. The purpose is to justify the necessity of balancing the public budget and of reducing budget deficit to the level ensuring sustainable economic growth. The main goal is to evaluate budget deficit/ surplus impact on real economic growth using econometric analysis and comparative analysis between Bulgaria and the other new Member States of the European Union (Cyprus, The Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia, Romania, and Croatia, accepted in the EU during 2015.) as well as the Balkan States (Serbia, Turkey, Greece, North Macedonia). In the present research, the object of analysis is budget balance, and its subject – the effect of public budget deficit/ surplus on real economic growth. This fact presents a real challenge concerning the stability of the public budget. The economic growth in global, regional and national aspect over the last years has been slow. The necessity of active participation of the government in the economy and the use of budget balance as a fiscal instrument for economic regulation is even more tangible. Another question that exists is as follows: is budget deficit or surplus able to maintain a balance between economic stability and social equity and which one (budget deficit or surplus) is going to induce higher real economic growth. The debate concerning public revenue share in Gross Domestic Product has a long history. The necessity of government participation in the economy, as well as the limits of such participation are the object of theoretical and empirical economic research.
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