MATEC Web Conf.
Volume 290, 20199th International Conference on Manufacturing Science and Education – MSE 2019 “Trends in New Industrial Revolution”
|Number of page(s)||9|
|Section||Management and Economic Engineering|
|Published online||21 August 2019|
Governmental interventionism degree in economy - a case study in OECD countries
1 Holon Institute of Technology, Faculty of Technology Management Golomb St. 52, Holon, 5810201, Israel
2 Vasile Goldiş Western University of Arad, Department of Economic Sciences, Informatics and Engineering, 86 Liviu Rebreanu St., Arad, Romania
3 Technical University of Cluj Napoca, 28 Memorandumului St. Cluj-Napoca 400114, Romania
4 Letterkeny Institute of Technology, Port Rd, Letterkenny, Co. Donegal, Ireland
* Corresponding author: firstname.lastname@example.org
In this study, we talk about the economic role of the state, and we analyze the degree of its intervention in the economy within the OECD countries, for the period 2000-2016. Thus, we seek to identify the countries characterized by an active intervention as well as a weaker level of state intervention. Then, we show the types of public spending that the state places more emphasis on. We analyze the distribution of state intervention (given by budget revenues) concerning to GDP, fiscal pressure, the period before and after the 2008 crises and certain types of expenditure. We can say that, generally, well-developed countries are characterized by a high level of state interventionism, while less developed ones by lower interventionism. The degree of interventionism level is smaller after the 2008 crises.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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