Fiscal convergence in the European Union

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dc.citation.epage330en_US
dc.citation.issueNumber3en_US
dc.citation.spage319en_US
dc.citation.volumeNumber19en_US
dc.contributor.authorKocenda, E.en_US
dc.contributor.authorKutan, A. M.en_US
dc.contributor.authorYigit, T. M.en_US
dc.date.accessioned2015-07-28T11:58:19Z
dc.date.available2015-07-28T11:58:19Z
dc.date.issued2008en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractWe empirically examine the fiscal convergence of the recent ten European Union (EU) members using the Maastricht fiscal convergence criteria. We test for absolute beta and sigma convergence of the new members in comparison to the Maastricht benchmarks, as well as the EU15 figures, using methodologies that allow for structural breaks. The results show poor fiscal performance in the European Union in general, suggesting that monetary unions do not necessarily encourage fiscal convergence for its members. © 2008 Elsevier Inc. All rights reserved.en_US
dc.identifier.doi10.1016/j.najef.2008.06.003en_US
dc.identifier.eissn1879-0860
dc.identifier.issn1062-9408
dc.identifier.urihttp://hdl.handle.net/11693/11674
dc.language.isoEnglishen_US
dc.publisherElsevier BVen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.najef.2008.06.003en_US
dc.source.titleNorth American Journal of Economics and Financeen_US
dc.subjectConvergenceen_US
dc.subjectEuropean Unionen_US
dc.subjectIntegrationen_US
dc.subjectFiscal disciplineen_US
dc.subjectTransitionen_US
dc.subjectEurozoneen_US
dc.titleFiscal convergence in the European Unionen_US
dc.typeArticleen_US

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