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"Fiscal policy and growth in the context of European integration"

Masson, Paul (2000) "Fiscal policy and growth in the context of European integration". In: UNSPECIFIED, Brussels, Belgium.

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    Abstract

    The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiarity suggest that such a policy should be limited to externalities or economies of scale not captured at the national level. These may include spending on research and development and transportation or knowledge networks, and harmonization of social security designed to enhance labor mobility. EU-wide stabilization policy or enhanced EU redistribution does not seem justified, however.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Additional Information: Also published as NBB Working Paper Nr. 7, May 2000
    Uncontrolled Keywords: Endogenous growth.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: National Bank of Belgium > How to Promote Economic Growth in the Euro Area, Brussels, May 11-12, 2000
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Jun 2003
    Page Range: p. 41
    Last Modified: 15 Feb 2011 17:15
    URI: http://aei.pitt.edu/id/eprint/627

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