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Titel
Fiscal sustainability: does EU membership change policy behavior? : empirical evidence from Central and Eastern Europe / Bettina Fincke
VerfasserBökemeier, Bettina
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, April 2015
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Elektronische Ressource
Umfang1 Online-Ressource (16 Seiten) : Diagramme
SerieWorking papers in economics and management ; No. 03-2015
URNurn:nbn:de:hbz:6:2-127558 
DOI10.4119/unibi/2915557 
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Fiscal sustainability: does EU membership change policy behavior? [0.52 mb]
Zusammenfassung

This paper studies fiscal policy behavior with regard to sustainability for the group of the eight eastern new member states (NMS) which joined the European Union (EU) in 2004. Using the approach of Bohn (1995, 1998) the fiscal reaction function is estimated for the years 1995 until 2013. Further, by separating the response in periods before and after accession, it is possible to study potential changes in fiscal sustainability. The results of the panel regressions reveal a positive statistically significant reaction coefficient, indicating sustainable behavior. Moreover, the separated responses before and after 2004 signify a stronger reaction ahead of the accession. Plus, effects of the crisis should be taken into account.

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