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Spend-and-tax: A panel data investigation for the EU
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Autores
Orientador(es)
Resumo(s)
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of
pre-testing for unit roots, we study the causality between government spending and revenue
for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain,
Greece, and Portugal, while tax-and-spend evidence is present for Germany, Belgium, Austria
Finland and the UK, and for several EU New Member States. Moreover, in the run-up to
EMU there was some shifting away from a spend-and-tax strategy, implying adjustments of
fiscal behaviour.
Descrição
Palavras-chave
Panel Causality Fiscal Policy EU
Contexto Educativo
Citação
Afonso, António and Christophe Rault .2009. “Spend-and-tax: A panel data investigation for the EU”. CESifo Working Paper No. 2705/ 2009