In most developed economies, especially in the European Union, public expenditure has long accounted for about 50 percent of gross domestic product. Consequently, public and private goods have roughly been divided at a 50:50 ratio.<br> Even though public expenditure covers more factors than just...

There is no denying that countries seeking accession to the European Union strive to model themselves after EU economies in the level and structure of GDP. Obviously, as the gap narrows, benefits from economic, technological, scientific and cultural cooperation grow. Imitation is consequently...