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Europe’s Deficit Free Riders: A Panel Data Analysis

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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    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.

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    Item Type: Article
    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
    Language: English
    Date Deposited: 28 Mar 2006
    Page Range: 05-17
    Last Modified: 15 Feb 2011 17:40
    URI: http://aei.pitt.edu/id/eprint/6093

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