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Fiscal Policy and Growth in the Context of European Integration

Paul Masson ()

Working Papers from Warwick - Development Economics Research Centre

Abstract: The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, is so what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiarity suggest that such a policy should be limited to externalities or economies of scale not captured at the national level.

Keywords: FISCAL POLICY; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: E62 O40 (search for similar items in EconPapers)
Date: 2000
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