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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/30639
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| Title: | | Spend-and-tax : a panel data investigation for the EU  |
| Authors: | | Afonso, António Rault, Christophe |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2705 |
| Abstract: | | 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. |
| Subjects: | | panel causality fiscal policy EU |
| JEL: | | C23 E62 H62 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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