publication . Article . 2012

FISCAL POLICY`S INFLUENCE ON ECONOMIC GROWTH IN THE EUROPEAN UNION

MIHAIU Diana Marieta; OPREANA Alin;
Open Access
  • Published: 01 Jan 2012 Journal: Revista economica, volume Supplement, issue 4, pages 436-440
Abstract
In this paper we study the impact of the fiscal policy on the economic growth for European Union, for the period 2000-2009. This subject represents a very debated problem in the economic literature. Our findings shows that, from the analysis of correlation between economic growth rate and total rate of taxation, there is generally an inverse relationship, meaning that an increase in the tax rate adversely affects economic growth. Continuing the analysis of the correlation between economic growth rate and total tax rate components it can be seen that there is an inverse relationship between labor taxation and capital taxation and economic growth in EU Member Stat...
Subjects
mesheuropmc: health care economics and organizations
free text keywords: fiscal policy, economic growth, taxes on labour, taxes on capital, taxes on consumption., jel:E62, jel:H20
Related Organizations

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1 Professor Ph.D., Faculty of Agro-Food and Environmental Economics, Bucharest University of Economic Studies, Bucharest, Romania, e-mail: florinabran@yahoo.com

2 Ph.D., Bucharest, Romania, e-mail: ghe_manea@yahoo.com

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publication . Article . 2012

FISCAL POLICY`S INFLUENCE ON ECONOMIC GROWTH IN THE EUROPEAN UNION

MIHAIU Diana Marieta; OPREANA Alin;