Fiscal sustainability in the G-7 countries
Contributions to Economics, cilt.2018, ss.123-133, 2017 (Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 2018
- Basım Tarihi: 2017
- Doi Numarası: 10.1007/978-3-319-47021-4_10
- Dergi Adı: Contributions to Economics
- Derginin Tarandığı İndeksler: Scopus
- Sayfa Sayıları: ss.123-133
- Marmara Üniversitesi Adresli: Evet
Özet
The main objective of this chapter is to assess the fiscal sustainability performance of the G-7 countries before, during, and after the global financial crisis. We examine the movement of various socio-economic and fiscal indicators before, during, and after the crisis period in the G-7 countries. We find that the trends of the key fiscal balance indicators clearly reflect the negative effects of the crisis in the G-7 countries. Furthermore, the ageing population and increases in public health expenditure produce an additional fiscal strain. However, Germany has been able to achieve a good financial performance compared with the other G-7 countries.