About: Some Evidence on the Relationship between Dissimilar Policies and Business Cycle Synchronization in the European Union

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The paper deals with the issue of fiscal policy harmonisation in Europe. In particular the paper examines the impact of dissimilar fiscal policies upon business cycle synchronization in the EU. The multivariate panel regression model with two-stage instrumental variables estimator is applied in the paper. The differences in structural budget deficits are estimated as a fiscal dissimilarity measure. In addition, other control variables including trade and intra-industry trade intensity, spatial and time dummies are applied in the regression model. The set of instrumental variables comprises various tax indicators, government expenditures and government political orientation measure. Various filtering techniques and macroeconomic indicators are applied to identify the business cycles. The main results of the analysis give an evidence of a robust and significant negative effect of fiscal dissimilarity upon business cycle synchronisation in the EU. From a policy perspective the paper shows the differences in national fiscal policies to be a potential source of macroeconomic imbalances in Europe. The paper deals with the issue of fiscal policy harmonisation in Europe. In particular the paper examines the impact of dissimilar fiscal policies upon business cycle synchronization in the EU. The multivariate panel regression model with two-stage instrumental variables estimator is applied in the paper. The differences in structural budget deficits are estimated as a fiscal dissimilarity measure. In addition, other control variables including trade and intra-industry trade intensity, spatial and time dummies are applied in the regression model. The set of instrumental variables comprises various tax indicators, government expenditures and government political orientation measure. Various filtering techniques and macroeconomic indicators are applied to identify the business cycles. The main results of the analysis give an evidence of a robust and significant negative effect of fiscal dissimilarity upon business cycle synchronisation in the EU. From a policy perspective the paper shows the differences in national fiscal policies to be a potential source of macroeconomic imbalances in Europe. (en)
Title	Some Evidence on the Relationship between Dissimilar Policies and Business Cycle Synchronization in the European Union Some Evidence on the Relationship between Dissimilar Policies and Business Cycle Synchronization in the European Union (en)
skos:prefLabel	Some Evidence on the Relationship between Dissimilar Policies and Business Cycle Synchronization in the European Union Some Evidence on the Relationship between Dissimilar Policies and Business Cycle Synchronization in the European Union (en)
skos:notation	RIV/62156489:43110/14:00224235!RIV15-MSM-43110___
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(7E12049)
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Rozmahel, Petr Litzman, Marek Grochová, Ladislava
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Mendelova univerzita v Brně / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	45967
http://linked.open...ai/riv/idVysledku	RIV/62156489:43110/14:00224235
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	intra-industry trade; business cycle; fiscal policy; European integration (en)
http://linked.open.../riv/klicoveSlovo	European integration business cycle intra-industry trade fiscal policy
http://linked.open...ontrolniKodProRIV	[6A7AF864A778]
http://linked.open...v/mistoKonaniAkce	Ostravice
http://linked.open...i/riv/nazevZdroje	CONFERENCE PROCEEDINGS XII. INTERNATIONAL SCIENTIFIC CONFERENCE ECONOMIC POLICY IN EUROPEAN UNION MEMBER COUNTRIES
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	3 (xsd:int)
http://linked.open...cetTvurcuVysledku	3 (xsd:int)
http://linked.open...vavai/riv/projekt	Welfare, Wealth and Work for Europe
http://linked.open...UplatneniVysledku	2014
http://linked.open...iv/tvurceVysledku	Rozmahel, Petr Issever Grochová, Ladislava Litzman, Marek
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open.../riv/zahajeniAkce	2014-01-01 (xsd:date)
number of pages	8 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Neuveden
https://schema.org/isbn	978-80-7510-045-0
http://localhost/t...ganizacniJednotka	43110

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