Acta Universitatis Danubius. Œconomica, Vol 13, No 2 (2017)

Implications of fiscal responsibility on economic growth

Anca Florentina Gavriluta (Vatamanu)


Governmental decisions play an important role in the critical periods of the economy and usually in base of the strategy adopted, can  make an effective contribution to the budget process while preserving fiscal discipline. This study tests the implications of fiscal responsibility on economic growth  with the scope to analyze and find out the major issue of responsible public finances. In base of logistic regression results, the study leads to the conclusion that may be wise to re-evaluate plans to cut net government revenue in future budgets and instead take a more strategic approach to nurturing growth in the EU  economy.


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