Convergence of the Level and Structure of Public Expenditures in the New European Union Countries in the 1995–2020 Period
Abstract
The article deals with fiscal policy issues – the convergence of the level and structure of public expenditures. The topic is relatively new because the first article on this subject was published in 1996 (P. Afxentiou and A. Serletis). The literature on the matter so far is inconclusive. The aim of the paper was an empirical test of convergence hypothesis with respect to the 10 so called “new EU” countries in the 1995–2020 time frame. Econometric modelling has confirmed the hypothesis.
Keywords:
Public expenditures, σ-convergence, structure of public expendituresReferences
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The Krakow University of Economics https://orcid.org/0000-0002-5929-9380
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