TY  - GEN
AB  - This paper empirically studies whether it pays off (in terms of economic growth)
to fulfill the convergence criteria on the public budget and participation in the Euro–
zone. The analysis is based on data of European economies with a special focus on
twelve Euro–zone members and a control group of six non–Euro countries for the
years from 1970 to 2014. The results show that growth is higher if the debt to
GDP ratio is below 60 % compared to values above it. Moreover, a comparison
with European economies outside the Euro–zone shows higher growth values for
Euro–members than for the control group. Regression estimations reveal a negative
relationship between the two variables for the Euro–group. For the control group
the relationship is not statistically significant.
DA  - 2016
DO  - 10.4119/unibi/2915608
KW  - Economic Growth
KW  - Fiscal Policy
KW  - Debt
KW  - European Union
LA  - eng
PY  - 2016
SN  - 2196-2723
SP  - 16-
TI  - Does it Pay to Fulfill the Maastricht Convergence Criteria? — Reflections on the Public Debt and Growth Nexus for selected European Economies
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29156087
Y2  - 2024-11-22T10:48:20
ER  -