The Political Economy of Fiscal Deficits: Empirical Evidence from EU Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10239859" target="_blank" >RIV/61989100:27510/18:10239859 - isvavai.cz</a>
Result on the web
<a href="https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-dokumentu/ICEI-2018_Proceedings.pdf" target="_blank" >https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-dokumentu/ICEI-2018_Proceedings.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Political Economy of Fiscal Deficits: Empirical Evidence from EU Countries
Original language description
Fiscal policy has started to regain a lost attention in recent years, both in the academic research and in the government policy agendas. The reasons is obvious, primarily in the European context. Financial, economic and subsequent debt crises have hit the EU economies especially hard and their recovery seems to be rather gradual. The European economies still suffer from the problem of over-indebtedness and the problem of excessive budget deficits. Therefore, the aim of the paper is to evaluate basic economic, institutional and political determinants of budget deficits in the European Union countries. We use an unbalanced cross-country time series data set, comprising all 28 EU countries over the period 1995-2016. Fiscal policy seems to play a stabilizing role, but its counter-cyclical reactions are significantly stronger in recessions, while it does not react to current inflation and changes in the government bond yields. Moreover, some political and institutional variables play statistically significant role as well and appear to be important determinants of fiscal deficits.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 4th International Conference on European Integration 2018 : ICEI 2018 : May 17-18, 2018, Ostrava, Czech Republic. 1st part
ISBN
978-80-248-4169-4
ISSN
2571-029X
e-ISSN
neuvedeno
Number of pages
10
Pages from-to
545-555
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
May 17, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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