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Has European Economic Integration Affected The Functional Composition Of Government Expenditures?

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Author Info
ISMAEL SANZ
FRANCISCO J. VELÁZQUEZ

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Abstract

Globalization and growth-maximizing governments may cause countries to converge toward a similar composition of government expenditures. These convergent forces may be even more intensive in the case of EU member states engaged in the European integration process. The results obtained, through calculation of a constructed dissimilarity index and by adapting the usual indicators of convergence (β, σ, and Gamma), reveal that there has been a harmonization process. In addition, this approximation of the structures of government expenditures has been greater in the EU than in the non-EU countries of the OECD. Nevertheless, EU member states are converging toward a different steady-state composition of government expenditures. (JEL "H11, H50, H60") Copyright 2006 Western Economic Association International.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1093/cep-byj022
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Publisher Info
Article provided by Western Economic Association International in its journal Contemporary Economic Policy.

Volume (Year): 24 (2006)
Issue (Month): 2 (04)
Pages: 300-315
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Handle: RePEc:bla:coecpo:v:24:y:2006:i:2:p:300-315

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This page was last updated on 2009-11-22.


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