Economic crisis and public sector in developed countries

  • Antonio González Temprano Facultad de Ciencias Políticas y Sociología / Universidad Complutense de Madrid
DOI: https://doi.org/10.5209/rev_CGAP.2014.v1.n1.45158
Keywords: economic crisis, Public Sector, public accounts, public deficit, public debt.

Abstract

The main goal of this paper is to analyze the interrelations between the 1929, 1973 and 2008 economic recessions, with special attention to the change in the Public Sector during the last crisis. In order to fulfill this target the focus relies on the study of public revenue, expenditure, budget balance, debt and interest rates evolution in OECD, EU and the eight developed economies. As a result, it is possible to know the role played by public accounts in the different economic crises and the consequent fiscal policy adjustments, to conclude that the 1929 and 2008 recessions have been the ones with biggest impact in budget policy.

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Published
2014-05-28
How to Cite
González Temprano A. (2014). Economic crisis and public sector in developed countries. Cuadernos de Gobierno y Administración Pública, 1(1), 57-75. https://doi.org/10.5209/rev_CGAP.2014.v1.n1.45158
Issue
Vol. 1 No. 1 (2014)
Section
Artículos

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