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Scientific article
English

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

Contributors

Freitag, Markus; Sciarini, Pascal

Published in

European Union politics, vol. 2, no. 2, p. 163-189

Publication date

2001

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

UNIGE affiliation entities

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)

Identifiers

  • PID : unige:38837

Journal ISSN

1465-1165
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2downloads

Technical informations

Creation

21/07/2014 03:27:00

First validation

21/07/2014 03:27:00

Update

13/10/2025 22:31:38

Status update

14/03/2023 21:27:45

Last indexation

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