ASSESSMENT OF THE GOVERNMENT'S IMPACT ON THE NATIONAL ECONOMY IN THE NORTHERN EUROPEAN COUNTRIES

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ASSESSMENT OF THE GOVERNMENT'S IMPACT ON THE NATIONAL ECONOMY IN THE NORTHERN EUROPEAN COUNTRIES

Journal Title: Journal L`Association 1901 SEPIKE - Year 2017, Vol 1, Issue 18

Abstract

This article gives an analysis on the impact of the governments in the Northern European countries on their economies. The 2003-2017 period was chosen for analysis since statistical data thereof permit one to assess the aspiration of the countries to develop their economies over the entire economic cycle as growth, crisis and recovery. Economic factors used in the analysis are those that are most frequently selected by the states in enhancing the economy: state investments, creation of jobs in the public sector and public expenditure on Research and Development (R&E). Gross domestic product (GDP) was selected as an indicator reflecting the economic growth. Conclusions of analysis are provided at the end of the article.

Authors and Affiliations

Darius Rušinskas, Žaneta Karazijienė

Keywords

government investment employment in public sector government expenditure on R&D GDP economic analysis Northern European countries Baltic countries Scandinavian countries Western European countries

EP ID EP300925
DOI -
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