Mapping Fiscal Research Trajectories through Bibliometric Analysis: Echoes of Global Crises in Central and Eastern Europe

Abstract

Abstract World economies have faced numerous crises throughout history. Fiscal issues have accordingly become a crucial aspect of economic policy discussions, particularly in Eastern Europe, a region shown to be especially vulnerable to the recent economic shocks. The paper therefore aims to provide a bibliometric examination of trends in fiscal research via the lenses of major economic and financial crises. The bibliometric analysis is based on 6,640 documents published between 1970 and 2022 and indexed in the Scopus database. The results reveal that fiscal research associated with crises has grown sharply over time, with significant bursts one year following each major economic and financial crisis. The most cited journal articles in fiscal research highlighted the following issues in all countries, including Central and Eastern European (CEE) countries: economic reform policies (1970-1997), economic development and financial conditions (1998-2008), crises in Europe and post-crisis recovery (2009-2019) and post-crisis recovery and effects (of the COVID-19 pandemic) on the public and business sectors (2020-2022). As well as identifying key countries and journals, although diverging in approach and scope the findings show shared interests in macroeconomic policy, fiscal stability, and the impact of crises on economic performance and public finance. Developed countries have addressed complex global economic issues and advanced development, whereas Central and Eastern European nations have focused on the transition from planned to market economies. This observation reflects their distinct economic paths and fiscal research interests, as revealed in detailed content analysis by subperiods. The findings maybe of benefit for both the scientific community and evidence-based policymaking.