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Title

The Political Economy of Budget Deficits in the European Union: The Role of International Constraints and Domestic Structure
Authors
Freitag, Markus
Sciarini, Pascal
Published in European Union Politics. 2001, vol. 2, no. 2, p. 163-189
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
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Faculté des sciences de la société / Département de science politique et relations internationales
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(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. https://archive-ouverte.unige.ch/unige:38837

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Deposited on : 2014-07-22

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