Fiscal Behaviour in the European Union: Rules, Fiscal Decentralization and Government Indebtedness

Candida Ferreira ()
Authors registered in the RePEc Author Service: Antonio Afonso

No 2009/23, Working Papers from Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.

Abstract: We assess the fiscal behaviour in the European Union countries for the period 1990- 2005 via the responsiveness of budget balances to several determinants. The results show that the existence of effective fiscal rules, the degree of public spending decentralization, and the electoral cycle can impinge on the country’s fiscal position. Furthermore, the results also support the responsiveness of primary balances to government indebtedness.

Keywords: fiscal regimes; fiscal rules; fiscal decentralization; European Union; panel data (search for similar items in EconPapers)
JEL-codes: C23 E62 H62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-pbe
Date: 2009-03
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Related works:
Working Paper: Fiscal behaviour in the European Union - rules, fiscal decentralization and government indebtedness (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:ise:isegwp:wp232009

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