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Journals / Finans Politik ve Ekonomik Yorumlar Dergisi / 2012 / Cilt: 49 - Sayı: 567

Convergence process of the public spending: Then European Union case

Kamu harcamalarında yakınsama süreci: Avrupa birliği örneği

GÖKHAN DÖKMEN
AHMET AYSU
Pages
81–94
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

As a result, arrangements related to public spending in EU do not affect the public spending level differences among member states.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Fiscal policy implications in the European Union (EU) are conducted with respect to subsidiarity principle in accordance with the rules determined by Maastricht Treaty and Stability and nGrowth Pact.
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Key Findings & Data:From this point of view this paper examines the convergence of public spending for EU member states over the 1950-2009 periods.
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Conclusion & Impact:As a result, arrangements related to public spending in EU do not affect the public spending level differences among member states.
🔬Design:Research Article
📍Scope:2009 Verileri
⚙️Variables:Domain Parameters

Abstract

Fiscal policy implications in the European Union (EU) are conducted with respect to subsidiarity principle in accordance with the rules determined by Maastricht Treaty and Stability and nGrowth Pact. Application of common policies and rules intend to similar fiscal structure for member states. From this point of view this paper examines the convergence of public spending for EU member states over the 1950-2009 periods. The empirical verification of the convergence hypothesis has been accomplished with panel unit root test. Result showed that convergence was generally not validated for public spending in EU member state. Therefore, differences in public spending levels among the member states have persistency characteristics. As a result, arrangements related to public spending in EU do not affect the public spending level differences among member states.

Özet

Avrupa Birliği'nde (AB) maliye politikası uygulamaları Maastricht Anlaşması ve İstikrar ve Büyüme Paktı çerçevesinde belirlenen kurallar doğrultusunda yerinde-lik ilkesine göre yürütülmektedir. Uygulanan ortak politikalar ve kurallar üye ülkelerin benzer mali yapılara kavuşmalarını hedeflemektedir. Bundan hareketle çalışmada kamu harcamalarındaki yakınsama süreci, AB'ne üye ülkeler açısından, 1950-2009 yılları arasında incelenmiştir. Çalışmanın yakınsama olgusu panel birim kök testleri ile ele alınmıştır. Sonuçlar, AB üyesi ülkelerde kamu harcamalarında yakınsama olmadığını göstermiştir. Üye ülkeler arasında kamu harcamaları düzeyine ilişkin farklılıklar kalıcılık sergilemektedir. Sonuç olarak AB'nde kamu harcamalarıyla ilgili düzenlemeler üye ülkeler arasındaki kamu harcama düzeyi farklılıklarını etkilememektedir.

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Cite This Article

DÖKMEN, G., AYSU, A. (2012). Convergence process of the public spending: Then European Union case. Finans Politik ve Ekonomik Yorumlar Dergisi, Cilt: 49 - Sayı: 567, 81–94. https://ajindex.com/articles/224012

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