The objective of this paper is to examine the Wagner's law validity, and whether it can
explain the UK public spending expansion for the period 1850–2010. According to Wagner's …

This study measures the fiscal capacity of welfare states to derive parameters for a
sustainable welfare state. To secure fiscal soundness, it is critical to maintain affordable …

In this paper we provide a synthesis of empirical research in the validity of Wagner's law of
the existing literature for the period 1969-2014. Wagner's law attracted the interest of many …

This article re-examines the sustainability of the Greek budget deficit by using a formal
framework based on the government's intertemporal budget constraint. The empirical …

1. Др Иван Миленковић, ванредни професор Економског факултета у Суботици,
Универзитет у Новом Саду, ужа научна област Финансије (по Одлуци Наставно …

Research done in the past regarding the budget institutions and transparency/accountability
issues was mainly focused on a national and local level. This is, to the best of our …

Taxes are a constant part of life for every company and a constant element of economics,
finance, and financial law. Any changes observed in the science and theory also apply to the …

There is a consensus in finance literature that credit default swap spreads can be used to
calculate the default probability of a government bond. The question is therefore what …

This study seeks to identify institutional characteristics of financially sustainable welfare
states that focus on tax structure. Using data collected from 17 OECD countries from 1986 to …

The global economic crisis and the debt crisis in the Eurozone reemphasized the
importance of sustainable public finances. The crisis first showed the need for fiscal …