Fiscal convergence in the European Union

被引：34

作者：

Kocenda, Evzen ^{[2
,3
,4
]}

Kutan, Ali M. ^{[5
,6
]}

Yigit, Taner M. ^{[1
]}

机构：

[1] Bilkent Univ, Ankara, Turkey

[2] Charles Univ Prague, CERGE EI, Prague, Czech Republic

[3] Acad Sci Czech Republ, Prague, Czech Republic

[4] CEPR, London, England

[5] So Illinois Univ Edwardsville, Edwardsville, IL USA

[6] Emerging Markets Grp, London, England

来源：

NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE | 2008年 / 19卷 / 03期

关键词：

Convergence; European Union; Integration; Fiscal discipline; Transition; Eurozone;

D O I：

10.1016/j.najef.2008.06.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We empirically examine the fiscal convergence of the recent ten European Union (EU) members using the Maastricht fiscal convergence criteria. We test for absolute beta and sigma convergence of the new members in comparison to the Maastricht benchmarks, as well as the EU15 figures, using methodologies that allow for structural breaks. The results show poor fiscal performance in the European Union in general, suggesting that monetary unions do not necessarily encourage fiscal convergence for its members. (C) 2008 Elsevier Inc. All rights reserved.

引用

页码：319 / 330

页数：12

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