English, Article edition: Fiscal policy in the European Union: Tax and spend, spend and tax, fiscal synchronisation or institutional separation? Christos Kollias; Susana-Maria Paleologou

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/28663
Physical Description
  • article
Language
  • English

Edition details

Title
  • Fiscal policy in the European Union: Tax and spend, spend and tax, fiscal synchronisation or institutional separation?
Author
  • Christos Kollias
  • Susana-Maria Paleologou
Physical Description
  • article
Notes
  • Purpose – The purpose of this paper is to investigate the revenue-expenditure nexus in the case of the 15 members of the European Union. Design/​methodology/​approach – The paper uses a VECM framework to determine the causal ordering between these two macroeconomic aggregates. Findings – The empirical tests have yielded mixed results. The fiscal synchronisation hypothesis is supported for Denmark, Greece, Ireland, The Netherlands, Portugal and Sweden while, in the case of Austria, Belgium and Germany, the results point to the institutional separation hypothesis. Unidirectional causality from revenue to expenditure appears to be the case for Italy and Spain while the reverse causal ordering is found for Luxembourg. The findings also suggest the presence of the Buchanan-Wagner hypothesis for Finland, France and the UK. Originality/​value – The determination of the causal ordering between these two macroeconomic aggregates has important implications for fiscal policy and the concomitant determination of budgetary balances. This is particularly true for the countries that participate in the eurozone and thus fall under the provisions of the stability and growth pact.
  • European Union, Expenditure, Fiscal policy, Public revenue
  • RePEc:eme:jespps:v:33:y:2006:i:2:p:108-120
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment