Arbeitspapier
Spend-and-tax : a panel data investigation for the EU
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 2705
- Classification
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Fiscal Policy
National Deficit; Surplus
- Subject
-
panel causality
fiscal policy
Finanzpolitik
Steuervermeidung
Öffentliche Ausgaben
Kausalanalyse
EU-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Afonso, António
Rault, Christophe
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Afonso, António
- Rault, Christophe
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2009
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