Fiscal Sustainability: Does EU Membership Change Policy Behavior? Empirical Evidence from Central and Eastern Europe

Bökemeier B (2017)
The European Journal of Comparative Economics 14(2): 161-175.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
This paper studies fiscal policy behavior with regard to sustainability for the group of the eight eastern new member states (NMS) which joined the European Union (EU) in 2004. Using the approach of Bohn (1995, 1998) the fiscal reaction function is estimated for the years 1996 until 2013. Further, separating the response in periods before and after accession studies potential changes in fiscal sustainability. The results of the panel regressions reveal a positive statistically significant reaction coefficient, indicating sustainable behavior. Moreover, the separated responses before and after 2004 signify a stronger reaction ahead of the accession. These results are also affected by the current debt crisis.
Erscheinungsjahr
2017
Zeitschriftentitel
The European Journal of Comparative Economics
Band
14
Ausgabe
2
Seite(n)
161-175
Page URI
https://pub.uni-bielefeld.de/record/2958488

Zitieren

Bökemeier B. Fiscal Sustainability: Does EU Membership Change Policy Behavior? Empirical Evidence from Central and Eastern Europe. The European Journal of Comparative Economics. 2017;14(2):161-175.
Bökemeier, B. (2017). Fiscal Sustainability: Does EU Membership Change Policy Behavior? Empirical Evidence from Central and Eastern Europe. The European Journal of Comparative Economics, 14(2), 161-175. https://doi.org/10.25428/1824-2979/201702-161-175
Bökemeier, B. (2017). Fiscal Sustainability: Does EU Membership Change Policy Behavior? Empirical Evidence from Central and Eastern Europe. The European Journal of Comparative Economics 14, 161-175.
Bökemeier, B., 2017. Fiscal Sustainability: Does EU Membership Change Policy Behavior? Empirical Evidence from Central and Eastern Europe. The European Journal of Comparative Economics, 14(2), p 161-175.
B. Bökemeier, “Fiscal Sustainability: Does EU Membership Change Policy Behavior? Empirical Evidence from Central and Eastern Europe”, The European Journal of Comparative Economics, vol. 14, 2017, pp. 161-175.
Bökemeier, B.: Fiscal Sustainability: Does EU Membership Change Policy Behavior? Empirical Evidence from Central and Eastern Europe. The European Journal of Comparative Economics. 14, 161-175 (2017).
Bökemeier, Bettina. “Fiscal Sustainability: Does EU Membership Change Policy Behavior? Empirical Evidence from Central and Eastern Europe”. The European Journal of Comparative Economics 14.2 (2017): 161-175.

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