Some Evidence on the Relation between Dissimilar Fiscal Policies and Business Cycle Synchronization in the European Union

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Some Evidence on the Relation between Dissimilar Fiscal Policies and Business Cycle Synchronization in the European Union

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Some Evidence on the Relation between Dissimilar Fiscal Policies and Business Cycle Synchronization in the European Union

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/7E12049" target="_blank" >7E12049: Welfare, Wealth and Work for Europe</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

8

Strana od-do

673-680

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Karviná

Místo konání akce

Ostravice

Datum konání akce

16. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000366004300071