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The State and the Economy – Theoretical Aspects and Empirical Evidence for the EU

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  • Simona-Gabriela MAŞCA

    (Babeş-Bolyai University, Cluj-Napoca
    Babeş-Bolyai University, Cluj-Napoca
    Babeş-Bolyai University, Cluj-Napoca)

Abstract
This paper aims to analyze the determinants of state intervention upon the social and economic life, and to grasp their implications in terms of public policy. The study starts with an over time update of the main theoretical contributions. Some indicators that quantify the extent of state intervention throughout public revenues are analyzed on the EU member countries’ sample. Empirical analysis is aimed to establish the relevance held by the main determinants of state intervention in budgetary revenues for the EU countries (1995-2007). Perspectives on state interference during the actual crisis are drawn from the significant determinants of the interference policy.

Suggested Citation

  • Simona-Gabriela MAŞCA, 2011. "The State and the Economy – Theoretical Aspects and Empirical Evidence for the EU," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(5(558)), pages 17-44, May.
    • Handle: RePEc:agr:journl:v:5(558):y:2011:i:5(558):p:17-44
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    References listed on IDEAS

    as
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    2. Tiberiu Cristian Avrãmescu & Emilia Ungureanu, 2009. "Controversies Regarding the Economic Part Played by the State in Economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 4(04(533)), pages 57-66, April.
    3. Breitenfellner, Bastian & Wagner, Niklas, 2010. "Government intervention in response to the subprime financial crisis: The good into the pot, the bad into the crop," International Review of Financial Analysis, Elsevier, vol. 19(4), pages 289-297, September.
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    Full references (including those not matched with items on IDEAS)

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