Open AccessMATHEMATICAL ASSESSMENT ON DYNAMICS OF GOVERNMENT EXPENDITURES AND GROSS DOMESTIC PRODUCT PER CAPITA, IN ROMANIA AND EUROPEAN UNION
Author(s) -
Marilena Carmen Uzlău,
Nicolae Mihailescu,
Corina Maria Ene,
Constantin Aurelian Ionescu,
Liliana Paschia,
Nicoleta Luminiţa Gudanescu Nicolau,
Sorina Geanina Stănescu,
Mihaela Denisa Coman
Publication year - 2021
Publication title -
journal of science and arts
Language(s) - English
Resource type - Journals
eISSN - 2068-3049
pISSN - 1844-9581
DOI - 10.46939/j.sci.arts-21.1-a16
Subject(s) - gross domestic product , per capita , european union , econometric model , government (linguistics) , product (mathematics) , eu countries , economics , government spending , order (exchange) , regression analysis , position (finance) , econometrics , public economics , macroeconomics , international trade , statistics , mathematics , welfare , finance , market economy , population , linguistics , philosophy , demography , geometry , sociology
The research purpose represents the identification and mathematical definition of some models expressed by regression equations describing the GE per inhabitant according to the GDP per inhabitant. The study is customized at EU level and in seven states located in the Eastern-EU (RO, PL, GR, BG, SI, SK and HU) for the period 2009-2018. The research methodology is based on econometric modelling and testing of their viability. Relevant conclusions are also made regarding RO's position in the European Union in terms of government spending. The research provides useful information to substantiate micro and macroeconomic decisions designed to ensure a dynamic of GE’s sustainable growth on education, health, general public services, defense, public order and safety. Based on the developed econometric models, values of endogenous variables (GE per capita) can be estimated depending on the variants of predictable scenarios for the size of the GDP per capita.