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

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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.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Social Sciences > Institute of Political Science

UniBE Contributor:

Freitag, Markus

Subjects:

300 Social sciences, sociology & anthropology > 320 Political science

ISSN:

1465-1165

Publisher:

Sage Publications

Language:

English

Submitter:

Arno Raoul Rothenbühler

Date Deposited:

12 Sep 2022 15:32

Last Modified:

05 Dec 2022 16:23

Publisher DOI:

10.1177/1465116501002002002

BORIS DOI:

10.48350/172321

URI:

https://boris.unibe.ch/id/eprint/172321

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