Some Evidence on the Relation between Dissimilar Fiscal Policies and Business Cycle Synchronization in the European Union
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43888471" target="_blank" >RIV/62156489:43110/15:43888471 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Some Evidence on the Relation between Dissimilar Fiscal Policies and Business Cycle Synchronization in the European Union
Original language description
The paper deals with the issue of fiscal policy harmonisation in Europe. In particular the paper examines the impact of dissimilar fiscal policies upon business cycle synchronization in the EU. The multivariate panel regression model with two-stage instrumental variables estimator is applied in the paper. The differences in structural budget deficits are estimated as a fiscal dissimilarity measure. In addition, other control variables including trade and intra-industry trade intensity, spatial and timedummies are applied in the regression model. The set of instrumental variables comprises various tax indicators, government expenditures and government political orientation measure. Various filtering techniques and macroeconomic indicators are applied to identify the business cycles. The main results of the analysis give an evidence of a robust and significant negative effect of fiscal dissimilarity upon business cycle synchronisation in the EU. From a policy perspective the paper shows
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/7E12049" target="_blank" >7E12049: Welfare, Wealth and Work for Europe</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
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 12th International Scientific Conference: Economic Policy in the European Union Member Countries
ISBN
978-80-7510-114-3
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
673-680
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Karviná
Event location
Ostravice
Event date
Sep 16, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000366004300071