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FISCAL POLICY PERFORMANCE ASSESSMENT IN THE CONTEXT OF NATIONAL COMPETITIVENESS, CASES OF EU COUNTRIES

Economics and Management

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Title FISCAL POLICY PERFORMANCE ASSESSMENT IN THE CONTEXT OF NATIONAL COMPETITIVENESS, CASES OF EU COUNTRIES
 
Creator Vasiliauskaite, Asta; Kaunas University of Technology
Stankevicius, Evaldas; Kaunas University of Technology
 
Subject indicators of the development; GCI; HDI; growth of economy; taxes; GDP
 
Description The article deals with problematic issues of economic competitiveness in the context of the EU. Fiscal policy and competitiveness as the world emerges from the global recession, the full extent of the deterioration of fiscal accounts is becoming visible and is raising questions about the consequences for longer-term competitiveness. Upon characterizing the tendencies of economic growth the most often used indicator is GDP per capita. Developing research in a similar direction and characterizing the tendencies of formation of the structure of new socioeconomic indicators to describe economic growth was carried out. In this case GDP per capita (growth) is far from a robust indicator of social welfare (progress)–witness the common substituting phrase “standard of living”. Countries with developed economics have much experience with respect to formation of business-friendly tax systems. The tax system (fiscal policy) is one of the most basic economic mechanisms determining the economic development. Finally, it could be shown that the correlation coefficients between the rankings of GCI, HDI and livings standards are high and positive.DOI: http://dx.doi.org/10.5755/j01.em.17.2.2172
 
Publisher Kaunas University of Technology
 
Contributor —
 
Date 2012-08-17
 
Type —
—
 
Format application/pdf
 
Identifier http://www.eejournal.ktu.lt/index.php/Ekv/article/view/2172
10.5755/j01.em.17.2.2172
 
Source ECONOMICS AND MANAGEMENT; Vol 17, No 2 (2012); 493-501
EKONOMIKA IR VADYBA; Vol 17, No 2 (2012); 493-501
 
Language en
 
Rights Autorių teisės yra apibrėžtos Lietuvos Respublikos autorių teisių ir gretutinių teisių įstatymo 4-37 straipsniuose.
Copyright terms are indicated in the Republic of Lithuania Law on Copyright and Related Rights, Articles 4-37.