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National debts and government deficits within European Monetary Union: Statistical evidence of economic issues

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  • Mario Coccia

Abstract

This study analyzes public debts and deficits between European countries. The statistical evidence here seems in general to reveal that sovereign debts and government deficits of countries within European Monetary Unification-in average- are getting worse than countries outside European Monetary Unification, in particular after the introduction of Euro currency. This socioeconomic issue might be due to Maastricht Treaty, the Stability and Growth Pact, the new Fiscal Compact, strict Balanced-Budget Rules, etc. In fact, this economic policy of European Union, in phases of economic recession, may generate delay and rigidity in the application of prompt counter-cycle (or acyclical) interventions to stimulate the economy when it is in a downturn within countries. Some implications of economic policy are discussed.

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  • Mario Coccia, 2018. "National debts and government deficits within European Monetary Union: Statistical evidence of economic issues," Papers 1806.07830, arXiv.org.
    • Handle: RePEc:arx:papers:1806.07830
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    1. Mario Coccia & Greta Falavigna & Alessandro Manello, 2015. "The impact of hybrid public and market-oriented financing mechanisms on the scientific portfolio and performances of public research labs: a scientometric analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 102(1), pages 151-168, January.
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    29. Giuseppe Calabrese & Mario Coccia & Secondo Rolfo, 2005. "Strategy and market management of new product development and incremental innovation: evidence from Italian SMEs," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 2(1/2), pages 170-189.
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    32. Mario Coccia, 2009. "A New Approach for Measuring and Analysing Patterns of Regional Economic Growth: Empirical Analysis in Italy," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 8(2), pages 71-95.
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    34. Thomas Laubach, 2009. "New Evidence on the Interest Rate Effects of Budget Deficits and Debt," Journal of the European Economic Association, MIT Press, vol. 7(4), pages 858-885, June.
    35. Mario Coccia & Secondo Rolfo, 2009. "Project management in public research organisations: strategic change in complex scenarios," International Journal of Project Organisation and Management, Inderscience Enterprises Ltd, vol. 1(3), pages 235-252.
    36. Mario Coccia, 2005. "Countrymetrics: valutazione della performance economica e tecnologia dei paesi e posizionamento dell’Italia," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 113(3), pages 377-412.
    37. Coccia, Mario, 2008. "Measuring scientific performance of public research units for strategic change," Journal of Informetrics, Elsevier, vol. 2(3), pages 183-194.
    38. Mario Coccia & Mario Taretto, 2005. "Analisi e valutazione delle performance economico-tecnologiche dei paesi e situazione italiana," CERIS Working Paper 200509, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
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