The impact of the European Union fiscal rules on economic growth

Detalhes bibliográficos
Autor(a) principal: Castro, Vítor
Data de Publicação: 2011
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/11989
Resumo: This paper analyses whether Maastricht and Stability and Growth Pact fiscal rules have affected growth in the European Union negatively. A growth equation is specified for a group of 15 European Union countries (and 8 OECD countries) over the period 1970–2005 to analyse this issue. Panel estimations using fixed-effects, pooled mean group and system-GMMestimators show that the institutional changes that occurred in the European Union after 1992 were not harmful to growth. Moreover, results show that growth is slightly higher in the period in which the fulfilment of the 3% criteria for the deficit started to be officially assessed, i.e. after 1997
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spelling The impact of the European Union fiscal rules on economic growthEuropean UnionEconomic growthFiscal rulesPooled mean group estimatorSocial SciencesThis paper analyses whether Maastricht and Stability and Growth Pact fiscal rules have affected growth in the European Union negatively. A growth equation is specified for a group of 15 European Union countries (and 8 OECD countries) over the period 1970–2005 to analyse this issue. Panel estimations using fixed-effects, pooled mean group and system-GMMestimators show that the institutional changes that occurred in the European Union after 1992 were not harmful to growth. Moreover, results show that growth is slightly higher in the period in which the fulfilment of the 3% criteria for the deficit started to be officially assessed, i.e. after 1997Fundação para a Ciência e a Tecnologia (FCT)ElsevierUniversidade do MinhoCastro, Vítor2011-062011-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/11989eng"Journal of Macroeconomics". ISSN 0164-0704. 33:2 (Jun. 2011) 313-326.0164-070410.1016/j.jmacro.2010.09.003info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:50:40Zoai:repositorium.sdum.uminho.pt:1822/11989Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:49:23.916449Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The impact of the European Union fiscal rules on economic growth
title The impact of the European Union fiscal rules on economic growth
spellingShingle The impact of the European Union fiscal rules on economic growth
Castro, Vítor
European Union
Economic growth
Fiscal rules
Pooled mean group estimator
Social Sciences
title_short The impact of the European Union fiscal rules on economic growth
title_full The impact of the European Union fiscal rules on economic growth
title_fullStr The impact of the European Union fiscal rules on economic growth
title_full_unstemmed The impact of the European Union fiscal rules on economic growth
title_sort The impact of the European Union fiscal rules on economic growth
author Castro, Vítor
author_facet Castro, Vítor
author_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Castro, Vítor
dc.subject.por.fl_str_mv European Union
Economic growth
Fiscal rules
Pooled mean group estimator
Social Sciences
topic European Union
Economic growth
Fiscal rules
Pooled mean group estimator
Social Sciences
description This paper analyses whether Maastricht and Stability and Growth Pact fiscal rules have affected growth in the European Union negatively. A growth equation is specified for a group of 15 European Union countries (and 8 OECD countries) over the period 1970–2005 to analyse this issue. Panel estimations using fixed-effects, pooled mean group and system-GMMestimators show that the institutional changes that occurred in the European Union after 1992 were not harmful to growth. Moreover, results show that growth is slightly higher in the period in which the fulfilment of the 3% criteria for the deficit started to be officially assessed, i.e. after 1997
publishDate 2011
dc.date.none.fl_str_mv 2011-06
2011-06-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/11989
url http://hdl.handle.net/1822/11989
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv "Journal of Macroeconomics". ISSN 0164-0704. 33:2 (Jun. 2011) 313-326.
0164-0704
10.1016/j.jmacro.2010.09.003
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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