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Review of Innovation and Competitiveness : A Journal of Economic and Social Research, Vol. 3 No. 1, 2017

Review article
https://doi.org/10.32728/ric.2017.31/5

FISCAL AUSTERITY POLICY IMPACT ON WELFARE

Romina Pržiklas Družeta ; Senior Assistant Lecturer, Faculty of Economics and Tourism “Dr. Mijo Mirković”, Juraj Dobrila University of Pula
Marinko Škare ; Full Professor, Ph.D., Faculty of Economics and Tourism “Dr. Mijo Mirković”, Juraj Dobrila University of Pula

Fulltext: english, pdf (182 KB) pages 95-118 downloads: 610* cite
APA 6th Edition
Pržiklas Družeta, R. & Škare, M. (2017). FISCAL AUSTERITY POLICY IMPACT ON WELFARE. Review of Innovation and Competitiveness, 3 (1), 95-118. https://doi.org/10.32728/ric.2017.31/5
MLA 8th Edition
Pržiklas Družeta, Romina and Marinko Škare. "FISCAL AUSTERITY POLICY IMPACT ON WELFARE." Review of Innovation and Competitiveness, vol. 3, no. 1, 2017, pp. 95-118. https://doi.org/10.32728/ric.2017.31/5. Accessed 17 Jan. 2021.
Chicago 17th Edition
Pržiklas Družeta, Romina and Marinko Škare. "FISCAL AUSTERITY POLICY IMPACT ON WELFARE." Review of Innovation and Competitiveness 3, no. 1 (2017): 95-118. https://doi.org/10.32728/ric.2017.31/5
Harvard
Pržiklas Družeta, R., and Škare, M. (2017). 'FISCAL AUSTERITY POLICY IMPACT ON WELFARE', Review of Innovation and Competitiveness, 3(1), pp. 95-118. https://doi.org/10.32728/ric.2017.31/5
Vancouver
Pržiklas Družeta R, Škare M. FISCAL AUSTERITY POLICY IMPACT ON WELFARE. Review of Innovation and Competitiveness [Internet]. 2017 [cited 2021 January 17];3(1):95-118. https://doi.org/10.32728/ric.2017.31/5
IEEE
R. Pržiklas Družeta and M. Škare, "FISCAL AUSTERITY POLICY IMPACT ON WELFARE", Review of Innovation and Competitiveness, vol.3, no. 1, pp. 95-118, 2017. [Online]. https://doi.org/10.32728/ric.2017.31/5

Abstracts
The ongoing global financial and economic crisis has caused a dramatic fall in growth, increased deficit, higher unemployment rates and strong price fluctuations. To achieve a balanced budget and reduce the national debt, the most of the national government have
sacrificed the employment - one of the main indicators that reflect societies’ well-being and implemented fiscal austerity policy. The aim of this paper is to contribute to the literature on this topic and assess the short analysis of fiscal consolidation. Despite the ongoing debate
and numerous studies no consensus about whether and when austerity is likely to be beneficial has been achieved. Further, there are still open issues to understand the impact of austerity on poverty and welfare because of the difficulty of defining poverty and welfare also. The main conclusion is that the emphasis should be placed on correctly defining austerity methodology in a broader economic and social context.

Keywords
Fiscal austerity; Economic growth; Welfare; Sustainability

Projects
HRZZ / IP / IP-2013-11-9481 / MEGASFORA - Modelling Economic Growth - Advanced Sequencing and Forecasting Algorithm

Hrčak ID: 181101

URI
https://hrcak.srce.hr/181101

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