Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298625 
Year of Publication: 
2020
Citation: 
[Journal:] European Journal of Government and Economics (EJGE) [ISSN:] 2254-7088 [Volume:] 9 [Issue:] 3 [Year:] 2020 [Pages:] 220-231
Publisher: 
Universidade da Coruña, A Coruña
Abstract: 
Using the model derived by Bajo-Rubio (2014), this paper estimates government budget balance-consistent growth rates for the euro area countries. A comparison of these estimates to their actual growth rates indicates that most of these countries are growing at rates that are very similar to their government balance-consistent growth rates. This finding implies that many euro area countries would not be experiencing excessive imbalances in their government budget over the long-run that could harm future economic growth. The analysis has also shown that for many euro area countries, the predictions of the model seem to be broadly consistent with their actual fiscal experience.
Subjects: 
balanced budget
budget deficits
economic growth
JEL: 
E60
H60
H68
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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