Two challenges in the literature have inspired this paper. First, the highly contradictory puzzle of debates on the “public budget–economic growth” correlation, explainable in great measure by the inadequacy of involved modeling tools (assumptions and specifications) with studied samples....

The paper is consacrated to the binomial “public budget-global output” from the BARS curve perspective. The first section characterizes the main conceptual premises of this approach. The second is devoted to empirical analysis, using the statistical data (1990- 2013) for Romania, an European...

Two challenges in the literature have inspired this paper. First, the highly contradictory puzzle of debates on the 'public budget-economic growth' correlation, explainable in great measure by the inadequacy of involved modeling tools (assumptions and specifications) with studied samples....

This paper examines two potential positions in the debate over public budget size. Notably, the indicator used is inherently unstable, and shifting opinions regarding the public budget's size might be a psycho-social mirror of real-world volatility itself. However, this indicator may be...