Warin, Thierry and Wolff, Lindsay. (2005) Europe’s Deficit Free Riders: A Panel Data Analysis. European Political Economic Review, 3 (1). 05-17.
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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.
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|Subjects for non-EU documents:||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
|Subjects for EU documents:||UNSPECIFIED|
|EU Series and Periodicals:||UNSPECIFIED|
|EU Annual Reports:||UNSPECIFIED|
|Series:||Journals > European Political Economy Review|
|Depositing User:||Phil Wilkin|
|Official EU Document:||No|
|Date Deposited:||28 Mar 2006|
|Last Modified:||15 Feb 2011 17:40|
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