Governing Fiscal Commons in the Enlarged EU

Martin Gregor ()

No 56, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: This study explores the achievements of the acceding countries in the sphere of procedural fiscal rules (labeled as fiscal governance). The primary goal is to answer two questions: what is the current state of fiscal governance in the “novice” EU comparing to the “old” EU-15? Can we prescribe the acceding states any country-specific fiscal procedures? Three major sections of the study aim at three different issues. Section 2 reviews the rationale for fiscal governance, and the main focus draws upon the common-pool problem. The next section reviews methods to find the fiscal governance suitable for countries with differing political environments. Next, observed fiscal governance is reported by means of indices from survey data gathered in May-June 2004. Group by group, the author compares the observations with what has been measured for EU-15 countries. The findings reveal the existence of groups of countries with similar characteristics and similar institutional potential.

Keywords: fiscal governance; fiscal rules; political fragmentation (search for similar items in EconPapers)
Pages: 27 pages
Date: 2004, Revised 2004
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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