scholarly journals Effects of fiscal rules on budgetary outcomes: The case of the European Union member states

2016 ◽  
Vol 66 (4) ◽  
pp. 597-616 ◽  
Author(s):  
Agata Szymańska
Keyword(s):  
European Union ◽  
Data Model ◽  
Union Member ◽  
Dynamic Panel Data ◽  
Fiscal Rules ◽  
The European Union ◽  
Fiscal Rule ◽  
Fiscal Reaction Function ◽  
The Impact ◽  
European Union Member States

The aim of this paper is to investigate the influence of fiscal rules on the budgetary outcomes in 27 European Union countries. In particular, the paper focuses on assessing whether the impact of fiscal rules is statistically significant and numerically meaningful. In order to assess the influence, we use a dynamic panel data model. In our baseline model, we introduce the fiscal rule index as an explanatory variable. Our estimation rests on the fiscal reaction function. The analysis shows that the fiscal rule index positively affects the cyclically-adjusted primary balance and the cyclicallyadjusted balance.

Competitiveness and Economic Growth in the European Union

2018 ◽  
Vol 8 (8) ◽  
pp. 2408
Author(s):  
Natália ZAGORŠEKOVÁ ◽  
Michaela ČIEFOVÁ ◽  
Andrea ČAMBALÍKOVÁ
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Union Member ◽  
National Level ◽  
The European Union ◽  
Member States ◽  
Global Competitiveness ◽  
Global Competitiveness Index ◽  
The Impact ◽  
European Union Member States

The paper focuses on competitiveness at the national level and on the impact of competitiveness on economic growth. We look at the relationship between competitiveness and economic growth based on the data from the European Union member states. The competitiveness of the economies is measured by the Global Competitiveness Index, which is published by the World Economic Forum. The European Union member states show significant differences in competitiveness. In the sample examined, the positive relationship between the level of competitiveness and economic growth was not confirmed.

scholarly journals THE IMPACT OF TAX SYSTEM ON GLOBAL COMPETITIVENESS. ANALYSIS ON THE LEVEL OF EUROPEAN UNION MEMBER STATES

2015 ◽  
Author(s):  
Brandusa Tudose ◽  
Constantin Strapuc
Keyword(s):  
European Union ◽  
Union Member ◽  
The European Union ◽  
Tax System ◽  
Member States ◽  
Tax Rate ◽  
Global Competitiveness ◽  
Taxation System ◽  
The Impact ◽  
European Union Member States

Summarizing the results of theoretical and empirical research, the paper aims to analyze the impact of tax system on global competitiveness through the following three variables: taxation on incentives to invest; total tax rate and taxation on incentives to work. Summarizing the analysis to the European Union member states, the paper presents rankings and provides interpretations for each case. Luxembourg is the country where there is registered: a) the biggest impact on competitiveness of tax policies supporting investment, b) the largest fiscal affordability (measured by GDP/capita and total tax rate) and c) the most generous labor taxation system in the EU. However, in the ranking realized based on the global competitiveness index Luxembourg ranks on the 22nd place, on the first place being Finland.

scholarly journals Foreign Direct Investment in the New European Union Member States and Developing Countries of Asia under Conditions of the Global Financial and Economic Crisis: Comparative Aspects

2009 ◽  
Vol 12 (4) ◽  
pp. 133-153
Author(s):  
Janina Witkowska
Keyword(s):  
European Union ◽  
Developing Countries ◽  
Union Member ◽  
The European Union ◽  
Global Crisis ◽  
Member States ◽  
The Individual ◽  
The Impact ◽  
European Union Member States ◽  
Made In

The objective of this article is a comparative analysis of the changing position of new European Union member states and the developing countries of Asia in global and regional FDI flows as well as an assessment of the impact of the global crisis on the position of these regions and selected countries in terms of FDI. The analysis encompasses European Union member states that received membership as a part of the enlargement of 2004 and 2007 as well as the developing sub–regions of Asia—i.e. East, South-East, and South Asia. The conducted analysis demonstrates that the position of the developing countries of Asia is significantly stronger than that of the new European Union member states, which is mainly determined by the scale of the economies of countries such as China and India. Subject to conditions of global crisis, Asia and Oceania as a whole noted growth in the inflow of FDI in 2008 by almost 17%, where the European Union member states saw a 2% fall. The situation inside the analyzed regions is extremely varied in terms of noticeable effects of the crisis in the FDI sphere. It is dependent on not only processes of economic growth, but also on the character of investments made in the individual countries and sub– regions as well as motives behind the actions of investors.

scholarly journals Common currency, common identity? The impact of the Euro introduction on European identity

2020 ◽  
pp. 146511652097028
Author(s):  
Fedra Negri ◽  
Francesco Nicoli ◽  
Theresa Kuhn
Keyword(s):  
European Union ◽  
Political Institutions ◽  
Data Model ◽  
Dynamic Panel Data ◽  
European Identity ◽  
The European Union ◽  
Collective Identities ◽  
Dynamic Panel ◽  
Dynamic Relationship ◽  
The Impact

Does European state building go hand in hand with European nation building? This article engages with the scholarly debate on the dynamic relationship between the construction of supranational political institutions that exert key functions of sovereignty and collective identities by investigating the extent to which the adoption of the Euro as a currency is associated with a decrease in the share of Europeans who identify exclusively with their nation and not with the European Union. In detail, by using a dynamic panel-data model on 26 European Union countries in the post-Maastricht period (1996–2017), our results show that the Euro has fostered European identity, leading to a small but significant decrease (-3%) in the share of Europeans with exclusive national identity.

scholarly journals Changes in tax structures in European Union Member States

2015 ◽  
Vol 37 (s1) ◽  
pp. 137-155
Author(s):  
Vera Takács ◽  
Ákos Máté ◽  
Sándor Gyula Nagy
Keyword(s):  
European Union ◽  
Tax Policy ◽  
Union Member ◽  
Tax Policies ◽  
The European Union ◽  
Member States ◽  
Structure Changes ◽  
The Impact ◽  
European Union Member States ◽  
Visegrad Group

The European Union does not have a comprehensive common tax policy and substantial changes in this specialized policy area are not likely in the foreseeable future. Albeit common rules, requirements, minimum rates for certain tax types were implemented in the last few decades, they barely limit the Member States in using their tax policies as one of the worthiest elements of their arsenal in increasing competitiveness or quite the contrary, to undermining their own international competitiveness inadvertently through a misguided tax policy. In this article, we put the tax policies of the Visegrad Group and the Eurozone core countries (Germany, Austria and the Netherlands), as well as changes in these policies under the magnifying glass, in terms of the impact of tax structure changes on economic growth and employment in the last decade.

Sign in / Sign up

Export Citation Format

Share Document