English, Article, Journal or magazine article edition: Spend-and-tax: A Panel Data Investigation for the EU António Afonso; Christophe Rault

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Bookmark: http://trove.nla.gov.au/version/126025
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Spend-and-tax: A Panel Data Investigation for the EU
Author
  • António Afonso
  • Christophe Rault
Physical Description
  • preprint
Notes
  • Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and Portugal, while tax-and-spend evidence is present for Germany, Belgium, Austria Finland and the UK, and for several EU New Member States. Moreover, in the run-up to EMU there was some shifting away from a spend-and-tax strategy, implying adjustments of fiscal behaviour.
  • panel causality, fiscal policy, EU
  • RePEc:ces:ceswps:_2705
Language
  • English
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