Fiskální (ne)zodpovědnost zemí EU

Title in English Fiscal (Ir)responsibility of EU countries
Authors

SLANICAY Martin

Year of publication 2010
Type Article in Proceedings
Conference MEKON 2010
MU Faculty or unit

Faculty of Economics and Administration

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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