The political economy of budget deficits in the European Union: The role of international constraints and domestic structure

Freitag, Markus; Sciarini, Pascal (2001). The political economy of budget deficits in the European Union: The role of international constraints and domestic structure. European Union politics, 2(2), pp. 163-189. Sage Publications 10.1177/1465116501002002002

Text 1465116501002002002.pdf - Published Version Restricted to registered users only Available under License Publisher holds Copyright. Download (2MB)

This article tries to evaluate the impact of domestic and international factors on both deficits and deficit reduction in the European Union. Based on data covering 14 countries and 20 fiscal years (1978-97) we test the major hypotheses in the political economy literature. Beyond the investigation of the causes of cross-sectional variations in budget outcomes, we are also interested in changing patterns of influences over time, resulting from so-called `structural breaks'. On the one hand, our pooled time-series analyses show that very few political and institutional factors influenced the budget outcomes of the EU member states during this period. On the other hand, our estimation results provide suggestive support for our assumption that 'Maastricht' amounted to a decisive structural break.

Interest & Impact

Downloads

1 since deposited on 12 Sep 2022
0 in the past 12 months

Citations

5 Citations in Web of Science ®
6 Citations in Scopus

Search

in Google Scholar™

Services

Actions (login required)

Edit item

Actions (login required)

Edit item