en
Scientific article
English

The Political Economy of Budget Deficits in the European Union: The Role of International Constraints and Domestic Structure

Published inEuropean Union politics, vol. 2, no. 2, p. 163-189
Publication date2001
Abstract

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.

Keywords
  • Budget deficit
  • Comparative political economy
  • Emu
  • Maastricht
Citation (ISO format)
FREITAG, Markus, SCIARINI, Pascal. The Political Economy of Budget Deficits in the European Union: The Role of International Constraints and Domestic Structure. In: European Union politics, 2001, vol. 2, n° 2, p. 163–189.
Main files (1)
Article (Published version)
accessLevelRestricted
Identifiers
  • PID : unige:38837
ISSN of the journal1465-1165
483views
2downloads

Technical informations

Creation07/21/2014 3:27:00 AM
First validation07/21/2014 3:27:00 AM
Update time03/14/2023 9:27:46 PM
Status update03/14/2023 9:27:45 PM
Last indexation01/16/2024 11:23:26 AM
All rights reserved by Archive ouverte UNIGE and the University of GenevaunigeBlack