Structural public balance adjustment and poverty in Europe
| Autor: | Ugo Marani, Giorgio Liotti, Rosaria Rita Canale |
|---|---|
| Přispěvatelé: | Liotti, Giorgio, Canale, ROSARIA RITA, Marani, Ugo |
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Structural public balance adjustment
Economics and Econometrics education.field_of_study Poverty 05 social sciences Population 0211 other engineering and technologies Panel data analysis Panel data analysi Public expenditure 02 engineering and technology Balance (accounting) 0502 economics and business Financial crisis Economics Eurozone Structural public balance adjustment Poverty Panel data analysis Social exclusion Demographic economics 021108 energy 050207 economics Eurozone education Public finance Panel data |
| Popis: | After the 2007 financial crisis, some Eurozone countries were subject to adjustment programs, whose main content was the reduction of public expenditure in its structural component. The aim of the paper is to examine, through an error correction dynamic panel data technique, the relationship between structural public balance adjustment and poverty in selected Eurozone countries in the period from 2005 to 2015. The results suggest that restrictive measures increase poverty and social exclusion while expansive measure decrease it, eithe r when considering the population as a whole or when considering men and women separately. The introduction of additional variables considered to be relevant for poverty into the empirical model does not change the main conclusions of the paper. The objective of sound public finance seems to be gained at the expense of a higher number of people living in poverty. |
| Databáze: | OpenAIRE |
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