Fiskalna konsolidacija i ekonomski rast u posttranzicijskim zemljama EU

Concerns about sustainability of public finances during global economic crisis in 2008 resulted stronger implementation fiscal consolidation measures. The literature does not offer a consensus on the impact these Empirical research offers rationale for both contractionary and expansionary effect activity. Studies that examine macroeconomic effects developed countries are neither frequent nor have long history, while same post-transition un-investigated. This paper tries to shed some light this relationship. results do support hypothesis . Therefore, descriptive analysis suggests that, apart from minor corrections current account balance payment lower labor costs, did achieve declared goals such as growth. be observed with caution. Namely, include an econometric estimate consolidation, which would take into consideration other factors (control variables) affect variables.