Fiskální (ne)zodpovědnost zemí EU

Warning

This publication doesn't include Faculty of Sports Studies. It includes Faculty of Economics and Administration. Official publication website can be found on muni.cz.

Title in English	Fiscal (Ir)responsibility of EU countries
Authors	SLANICAY Martin
Year of publication	2010
Type	Article in Proceedings
Conference	MEKON 2010
MU Faculty or unit	Faculty of Economics and Administration
Citation
Field	Economy
Keywords	budget deficit; business cycle; fiscal responsibility; regression analysis
Description	This paper examines dependence of state budget deficit on business cycle and the deficit persistence, using data of 21 countries of EU. Results suggest that adopted regression can explain the behavior of state budget deficit/surplus in the most examined countries and the best data fit is in the big countries with long tradition of market economy. For those countries where was our regression statistically significant we examined their fiscal responsibility. Results suggest that the most responsible fiscal policy in the last 13 years was made by Denmark, Finland, Sweden, Ireland and Luxemburg. Relatively responsible in fiscal policy were Estonia, Spain and Netherlands. Irresponsible in fiscal policy were France, Italy, Lithuania, Great Britain, Czech Republic and Germany.
Related projects:	Research Centre for the Competitiveness of the Czech Economy