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Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] Economics: The Open-Access, Open-Assessment Journal [ISSN:] 1864-6042 [Volume:] 16 [Issue:] 1 [Year:] 2022 [Pages:] 137-151
Verlag: 
De Gruyter, Berlin
Zusammenfassung: 
The aim of this study is to analyse the fiscal-budgetary measures, which have been taken by almost all governments around the world, including EU countries, in an attempt to limit the negative impact of the pandemic blockade. In most cases, these measures concerned the granting of technical unemployment, the postponement of tax payments, and the suspension or postponement of loan instalments or their maturity. The present study focuses especially on tax and expenditure measures that EU countries have introduced in response to the COVID-19 crisis. With this purpose, a paired sample t -test and multiple linear regression are used based on balanced panel data for the 27 EU countries for the period 2000Q1-2020Q3. The obtained results show that COVID-19 crisis had a significant negative impact on GDP growth. At the same time, a significant increase in public debt and government deficit occurred due to COVID-19 crisis. However, resuming the findings, the intensity, and implicitly, the effect of these measures depends on the specifics of each economy.
Schlagwörter: 
COVID-19 crisis
expenditure measures
tax measures
JEL: 
C33
E62
H25
O11
O52
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Dokumentart: 
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