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Fiscal Competition and the Composition of Public Expenditure: An Empirical Study

Winner, Hannes - In: Contemporary Economics 6 (2012) 3, pp. 38-54

This paper investigates whether fiscal competition affects the structure of public spending, where theory predicts a shift from residential public goods to industrial public goods. We propose an empirical model that specifically accounts for the strategic nature and endogeneity of fiscal...

Persistent link: https://www.econbiz.de/10010436037

Reflections on the Eurozone’s Challenges

Götz, Marta - In: Contemporary Economics 7 (2013) 4, pp. 5-24

This paper considers the primary challenges faced by the Eurozone and caused by the 2008+ crisis. It suggests that one … are occurring or likely to occur in the Eurozone. However, the intertwined character of these challenges and their … persist and that no easy solution can be expected soon. A simple evaluation of the Eurozone's macroeconomic stability based on …

Persistent link: https://www.econbiz.de/10010436065

The strange fate of Brexit and Grexit and the Eurozone: Integration and disintegration

Sulaeman, Heti Suryani Fitri; Moelyono, Sri Mulyantini; … - In: Contemporary Economics 13 (2019) 1, pp. 99-106

's vulnerability to asymmetric shocks. Greece's decision to remain enhances the prospects for Eurozone reform. …

Persistent link: https://www.econbiz.de/10014544492

Current-Account Imbalances and Economic Growth During the 2008-2009 Financial Crisis: an Empirical Analysis

Rangelove, Rossitsa - In: Contemporary Economics 8 (2014) 2, pp. 123-136

This study examines the relationship between current-account imbalances and economic growth during the 2008-2009 financial and economic crisis for 179 countries (covered by IMF data) and within the EU-27 countries (covered by Eurostat data). The countries are divided into 4 groups by GDP per...

Persistent link: https://www.econbiz.de/10010436067