Europe’s Deficit Free Riders: A Panel Data Analysis
(2005) Europe’s Deficit Free Riders: A Panel Data Analysis . European Political Economic Review 3(1):pp. 05-17.
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Abstract
The paper proposes an empirical method to measure the free riding possibility of public deficits in Europe. We use a cross-sectional time-series analysis of differences in national public deficits since 1991, and we compare the evolution of deficits before and after the inception of the euro in 1999. Evidence is that the countries breaching the Stability and Growth Pact are not likely free riders, but rather leaders in terms of deficits. In this case, they may lead the march towards higher public deficits in Europe.
| Item Type: | Journal Article |
|---|---|
| Public Domain: | No |
| Refereed: | Yes |
| Status: | Published |
| Authors, Individual: | Warin, Thierry and Wolff, Lindsay. |
| Editors: | Schwarzer, Daniela and Tulmets, Elsa. |
| Title: | Europe’s Deficit Free Riders: A Panel Data Analysis |
| Language: | English |
| Publisher: | European Political-economy Infrastructure Consortium (EPIC) |
| Publication: | European Political Economic Review |
| Journals and Series: | Journals > European Political Economy Review |
| Volume: | 3 |
| Number: | 1 |
| Pages: | pp. 05-17 |
| Year: | 2005 |
| Subjects: | EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro |
| Alternative Locations: | http://www.lse.ac.uk/collections/EPER/vol3/no1/warin-wolff.pdf |
| ID Code: | 6093 |
| Deposited By: | Wilkin, Phil |
| Deposited On: | 28 March 2006 |
