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dc.contributor.authorTashevska, Biljanaen_US
dc.contributor.authorTrpkova nestorovska, Marijaen_US
dc.contributor.authorTrenovski, Borcheen_US
dc.identifier.citationTashevska, B., Trpkova-Nestorovska, M. and Trenovski, B. (2019) "Socio-economic determinants of social spending in the EU", CEA Journal of Economics, Volume 14, Issue 4, стр. 35 – 48en_US
dc.description.abstractThe rise in social spending during the last century brought about a significant increase in the total government expenditures and according to many studies, also contributed to the rising public debt. The intent of social spending is reducing and alleviating inequality and poverty and enhancing social cohesion. Empirical evidence shows that countries that make greater efforts in social spending manage to reduce income inequality. However, it should not be on the account of endangering sustainability In this paper we examine whether certain socioeconomic variables influence the level of social expenditure in the EU countries in the last two decades. More specifically, we try to tackle the following questions: Do governments reduce social spending when debt rises, in order to avoid fiscal unsustainability? Do countries spend more on welfare in times of an economic downturn, i.e. is social expenditure counter-cyclical? Do countries with larger income inequality also have higher social expenditures aimed at reducing the larger gap?en_US
dc.publisherCenter for Economic Analysesen_US
dc.relation.ispartofCEA Journal of Economicsen_US
dc.subjectpublic debt, social expenditures, EU countriesen_US
dc.titleSocio-economic Determinants of Social Spending in the EUen_US
dc.typeJournal Articleen_US
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item.grantfulltextopen- of Economics- of Economics- of Economics-
Appears in Collections:Faculty of Economics 03: Journal Articles / Статии во научни списанија
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