Comportamiento presupuestario y crecimiento económico en los países de la Unión Europea, 1984-2003
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.
Volume (Year): 68 (2008)
Issue (Month): 02 ()
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