Browse Our Business and Economics Journals
Economics and business journals focus on publishing papers coming from the fields of applied economics, corporate finance, financial investments, markets, institutions, industrial organization, international trade, marketing and similar.
Business and Economics
Abstract
In our rapidly changing world characterised by globalisation, economic crises, a pandemic, and regional integration, the structure and functioning of welfare states have undergone significant transformations. These forces have shaped and continue to redefine welfare state models worldwide. This study examines the trajectories undertaken by European Union member countries regarding their welfare state models, particularly focusing on the transformative experiences of former communist states. Based on a critical assessment of previous research by a bibliometric analysis, our study comprehensively investigates five categories of factors (fiscal, economic, social, institutional, and political factors) influencing the configuration of welfare state models. Considering these five categories and using cluster analysis, we split European countries into five welfare state models. Our main contribution is the investigation of the migration of European Union states across various welfare state models during the 2003–2021 period. Policymakers can use these results to increase the well-being of former communist states within their clusters.
