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Comportamiento presupuestario y crecimiento económico en los países de la Unión Europea, 1984-2003

Author

Listed:
  • María Jesús Vara Miranda

    (Universidad Autónoma de Madrid)

Abstract

This paper starts off explaining the arguments put forward to defend the need to reduce the State’s budgetary activity and minimize fiscal deficit in accordance with the institutionalized consensus reached under the Maastricht Treaty and the Stability and Growth Pact. Secondly, it sheds light on the evolution of the main budgetary variables of the European Union economies and develops a typology of countries based on their degree of budgetary activity. Thirdly, it offers three approaches to the empirical evidence that is being used to explain that it is very difficult to establish any kind of causal relation between the evolution of fiscal variables or the degree of budgetary activity and the economic growth experienced by European countries during 1984 and 2003. Finally, it describes the conclusions drawn from the study.

Suggested Citation

  • María Jesús Vara Miranda, 2008. "Comportamiento presupuestario y crecimiento económico en los países de la Unión Europea, 1984-2003," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 68(02), pages 370-403.
    • Handle: RePEc:ekz:ekonoz:2008217
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    More about this item

    Keywords

    budget; fiscal deficit; government expenditure; public income; economic growth; European economies;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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