IDEAS home Printed from https://ideas.repec.org/h/spr/eurchp/978-3-319-22596-8_35.html
   My bibliography  Save this book chapter

Fiscal Contractions in Eurozone in the Years 1995–2013: Can Non-Keynesian Effects Be Helpful in Future Deleverage Process?

In: Business Challenges in the Changing Economic Landscape - Vol. 1

Author

Listed:
  • Adam P. Balcerzak

    (Nicolaus Copernicus University)

  • Michał Bernard Pietrzak

    (Nicolaus Copernicus University)

  • Elżbieta Rogalska

    (University of Warmia and Mazury)

Abstract

Last global financial crisis has led to massive fiscal stimulation actions in EU which resulted in significant increase of public debt. As a result, in near future EU countries will have to adopt much stricter long term fiscal policy that will be necessary for deleveraging process. In this context the aim of the research is to check whether one can find non-Keynesian effects of fiscal consolidations in Eurozone countries in last decade. If the answer is positive, then could these non-Keynesian effects be significant developing factor. The third scientific question concentrates on the ways the fiscal consolidations were implemented and the potential influence of consolidations strategies on short term growth. The research is based on European Commission and Eurostat fiscal and macroeconomic data for the years 1995–2013. The econometric dynamic panel model based on the concept of conditional convergence was applied. As a complementary method qualitative analysis of cases of significant contractions was used with the concentration on the differences between expansionary and conventional Keynesian cases of fiscal contractions. The research gives some arguments for existence of fiscal transitions channels leading to non-Keynesian effects of fiscal policy, which in the same time can be a factor of conditional convergence.

Suggested Citation

  • Adam P. Balcerzak & Michał Bernard Pietrzak & Elżbieta Rogalska, 2016. "Fiscal Contractions in Eurozone in the Years 1995–2013: Can Non-Keynesian Effects Be Helpful in Future Deleverage Process?," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Business Challenges in the Changing Economic Landscape - Vol. 1, edition 1, pages 483-496, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-22596-8_35
    DOI: 10.1007/978-3-319-22596-8_35
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Krzysztof Dmytrow & Beata Bieszk-Stolorz, 2021. "Comparison of changes in the labour markets of post-communist countries with other EU member states," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 16(4), pages 741-764, December.
    2. Adam P. Balcerzak & Elzbieta Rogalska, 2016. "Non-Keynesian Effects of Fiscal Consolidations in Central Europe in the Years 2000-2013," Chapters, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.),Entrepreneurship, Business and Economics - Vol. 2. Proceedings of the 15th Eurasia Business and Economics Society, edition 1, volume 2, chapter 18, pages 271-282, Institute of Economic Research.
    3. Adam P. Balcerzak & Michal Bernard Pietrzak, 2016. "Dynamic Panel Analysis of Influence of Quality of Human Capital on Total Factor Productivity in Old European Union Countries," Working Papers 19/2016, Institute of Economic Research, revised May 2016.
    4. Beata Bieszk-Stolorz & Krzysztof Dmytrów, 2020. "Influence of Accession of the Visegrad Group Countries to the EU on the Situation in Their Labour Markets," Sustainability, MDPI, vol. 12(16), pages 1-16, August.
    5. Ramona Tiganasu & Gabriela Carmen Pascariu & Dan Lupu, 2022. "Competitiveness, fiscal policy and corruption: evidence from Central and Eastern European countries," Oeconomia Copernicana, Institute of Economic Research, vol. 13(3), pages 667-698, September.

    More about this item

    Keywords

    Fiscal policy; Fiscal consolidations; Non-Keynesian effects; Conditional convergence;
    All these keywords.

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eurchp:978-3-319-22596-8_35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.