Andrei Ionut Husman – Bucharest University of Economic Studies, Romania
Petre Brezeanu – Bucharest University of Economic Studies, Romania


5th International Conference – ERAZ 2019 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Budapest – Hungary, May 23, 2019, SELECTED PAPERS

Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia;

ISBN 978-86-80194-21-9, ISSN 2683-5568, DOI:


The issue of taxation in the context of an increasingly globalized economy and the constant
need for economic development is one of the main points of interest for all countries’ governments.
Even if we discuss about the northern EU Member States (i.e. Sweden, Finland and Denmark) or about
Norway (non-EU state), the Nordic countries are well-known for their rigid tax systems with high tax
burden. However, these countries record a high level of economic development. In this respect, the
questions arise: is possible to have a high tax burden and a high wealth/welfare? If yes, how is this
possible? Therefore, through this paper, we aim to perform certain analyses regarding the fiscal pressure
registered by these countries (using the level of direct and indirect taxes) and the economic development
(measured through the GDP per capita) based on the data provided by the OECD statistics
database and Eurostat database. Also, we will draw econometric models to determine the relationship
between the variables used. We expect the results of the analyses to show the efficiency of the Nordic
tax systems, more precisely, we expect that the high tax burden to be offset by a high wealth/welfare of
the Nordic population.

Key words

Nordic countries, tax systems, taxation, tax burden.


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