Fiskální (ne)zodpovědnost zemí EU
| Title in English | Fiscal (Ir)responsibility of EU countries |
|---|---|
| Authors | |
| Year of publication | 2010 |
| Type | Article in Proceedings |
| Conference | MEKON 2010 |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | budget deficit; business cycle; fiscal responsibility; regression analysis |
| Description | This paper examines dependence of state budget deficit on business cycle and the deficit persistence, using data of 21 countries of EU. Results suggest that adopted regression can explain the behavior of state budget deficit/surplus in the most examined countries and the best data fit is in the big countries with long tradition of market economy. For those countries where was our regression statistically significant we examined their fiscal responsibility. Results suggest that the most responsible fiscal policy in the last 13 years was made by Denmark, Finland, Sweden, Ireland and Luxemburg. Relatively responsible in fiscal policy were Estonia, Spain and Netherlands. Irresponsible in fiscal policy were France, Italy, Lithuania, Great Britain, Czech Republic and Germany. |
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