Home Part 1 FISCAL POLICY AND ECONOMIC GROWTH IN FRANCE, GERMANY, AND GREECE

 

FISCAL POLICY AND ECONOMIC GROWTH IN FRANCE, GERMANY, AND GREECE

 

 

Luis-Raul Boroacă

Alma Mater” University of Sibiu, 57 Someşului Str., 550003 Sibiu, Romania

Telephone: 0768415028, e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

Abstract

Fiscal policy is a major component of a country’s economic policy. To counteract the negative effects of economic or extra-economic factors, the state can use a series of countercyclical policies. Fiscal policy is one of the most important short term  policies that can be applied at the macroeconomic level. Fiscal policy can therefore affect a country’s economic development. Using statistical software the author examines the possible correlations between fiscal policy and economic growth in three EU countries: France, Germany, and Greece. The period took into consideration for the study is 1996-2009.

Keywords: fiscal policy, economic growth, deficit, GDP, correlation

 

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