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Impacto De Las Políticas Fiscales Sobre El Producto: El Caso De Reino Unido, Holanda Y Bélgica

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  • ROCA SEGALÉS, Oriol

    ()

  • PEREIRA, Alfredo M.

Abstract

En este trabajo se estiman los efectos producidos en el largo plazo sobre le producto por distintas políticas fiscales en tres países de la UE. Se parte de un modelo de vectores autoregresivos (VAR) que incluye variables de gasto público e impositivas con distintos niveles de agregación. Los resultados obtenidos muestran diferencias importantes en cuanto a cómo reaccionan las economías analizadas al producirse cambios en las políticas fiscales. A pesar de esta destacable diversidad, los resultados sugieren que los tradicionales efectos keynesianos asociados a las políticas fiscales no son dominantes en el largo plazo. This paper estimates the long term effects on output and prices of different fiscal policies in three EU countries using a VAR model that includes several public spending and taxation variables. We present further evidence about the important differences in the performance of the EU economies analyzed in front of a common fiscal policy, and the relevance of the composition of the fiscal policy on the GDP results. Despite this notable diversity, the results suggest that the traditional Keynesian effects associated with fiscal policy activities are not dominant in the long term.

Suggested Citation

  • ROCA SEGALÉS, Oriol & PEREIRA, Alfredo M., 2008. "Impacto De Las Políticas Fiscales Sobre El Producto: El Caso De Reino Unido, Holanda Y Bélgica," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 8(2), pages 95-114.
  • Handle: RePEc:eaa:eedein:v:8:y2008:i:8_10
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    Keywords

    Fiscal policy; VAR; Macroeconomic Effects; Política fiscal; vectores autoregresivos; efectos macroeconómicos;

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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