Tax Reform and Fiscal Sustainability in Central and Eastern European Countries

During the last years, as response to the economic crises, most European Union member states resorted to tax reforms in order to support the financial sector, to sustain demand and reduce internal balances. Considering the even more challenging context of Central and East European countries we aim do determine the effects of tax reform on fiscal sustainability, with the purpose of bringing light, and therefore solutions, regarding future developments. This paper provides a comprehensive analysis of fiscal sustainability and tax reform implemented in some Central and Eastern European countries that are also the most recent members that adhered to the European Union (Romania, Bulgaria and Croatia). Based on the results of the analysis, we conclude on the influence of tax reform on fiscal sustainability, one of the most stringent issued faced by most countries

Analysis of the post-crisis economic performances in the European Union

The effects of the economic crisis continue to impact the world economy even if the most difficult period of the crisis seems to have passed. In this context, the analysis of the economic performance becomes stringent in that it not only allows for the identification of the economic environment, but also due to the fact that it brings value by determining the automated correction of any decision or direction in the difficult economic context of today. The paper represents a study of some of the main macroeconomic performance indicators for the European Union countries, such as: economic growth, current account balance, labour productivity, employment and average net earnings. Based on a cluster analysis we identified the position of each E.U. member state via an economic performance view and a country level particularization was then achieved. After grouping the countries into two clusters based on their economic performances, we built two distinct equations using panel data models that could explain the economic growth variations for both the case of highly performing and less performing E.U. countries. The results of the analysis actually incorporate some main components that will help formulate economic growth measures, employment and labour productivity. &nbsp

Fiscal Revenues in the European Union. A Comparative Analysis

61 The objective of this paper is to analyze fiscal revenues registered by the Europea

ROMANIA’S FISCAL STRUCTURE IN VIEW OF EURO ADOPTION. A MULTIDIMENSIONAL ANALYSIS

The aim of this paper is to conclude whether the adoption of the single currency induced a trend of structural resemblance, and if so, to determine groups of countries with similar fiscal structures inside the Euro Area. Taking into consideration total revenues, indirect taxation, direct taxation and social contributions, we analyzed primary data and completed it with multidimensional classification. Having in view Romania’s objective of adopting Euro currency we aim to establish to which subgroup is Romania more similar in terms of fiscal structure and whether this resemblance enhanced since the accession to the European Union

Analysis of the Post-Crisis Economic Performances in the European Union

The effects of the economic crisis continue to impact the world economy even if the most difficult period of the crisis seems to have passed. In this context, the analysis of the economic performance becomes stringent in that it not only allows for the identification of the economic environment, but also due to the fact that it brings value by determining the automated correction of any decision or direction in the difficult economic context of today. The paper represents a study of some of the main macroeconomic performance indicators for the European Union countries, such as: economic growth, current account balance, labour productivity, employment and average net earnings. Based on a cluster analysis we identified the position of each E.U. member state via an economic performance view and a country level particularization was then achieved. After grouping the countries into two clusters based on their economic performances, we built two distinct equations using panel data models that could explain the economic growth variations for both the case of highly performing and less performing E.U. countries. The results of the analysis actually incorporate some main components that will help formulate economic growth measures, employment and labour productivity