scholarly journals Assessment of the government debt impact on country’s Economic growth in the european union

2015 ◽  
Vol 9 (1) ◽  
pp. 29-40
Author(s):  
Kristina Matuzevičiūtė ◽  
Kristina Montvilaitė ◽  
Dovilė Ruplienė
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Government Debt ◽  
The European Union ◽  
The Government

Government expenditure and economic growth in the European Union countries

2018 ◽  
Vol 45 (2) ◽  
pp. 372-386 ◽  
Author(s):  
Gitana Dudzevičiūtė ◽  
Agnė Šimelytė ◽  
Aušra Liučvaitienė
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Government Spending ◽  
Government Expenditure ◽  
The European Union ◽  
Policy Makers ◽  
Content Type ◽  
Eu Countries ◽  
The Government ◽  
The Relationship

Purpose The purpose of this paper is to provide more reliable estimates of the relationship between government spending and economic growth in the European Union (EU) during the period of 1995-2015. Design/methodology/approach The methodology consisted of several different stages. In the first stage for an assessment of dynamics of government spending and economic growth indicators over two decades, descriptive statistics analysis was employed. Correlation analysis helped to identify the relationships between government expenditures (GEs) and economic growth. In the third stage, for modeling the relationship and the estimation of causality between GE and economic growth, Granger causality testing was applied. Findings The research indicated that eight EU countries have a significant relationship between government spending and economic growth. Research limitations/implications This study has been bounded by general GE and economic growth only. The breakdowns of general GE on the basis of the activities they support have not been considered in this paper, which is the main limitation of the research. Despite the limitation, it might be maintained that the research highlights key relationships in the EU countries. Originality/value These insights might be useful for policy makers. In countries with unidirectional causality running from GE to economic growth, the government can employ expenditure as a factor for growth. The governments should ensure that resources are properly managed and efficiently allocated to accelerate economic growth in the countries with unidirectional causality from GDP to GE.

Participación ciudadana y normas europeas: un potencial por explotar.

2020 ◽  
pp. 107-145
Author(s):  
María Jesús GARCÍA GARCÍA
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Participatory Democracy ◽  
Early Stage ◽  
Regulatory Policy ◽  
The European Union ◽  
Regulatory Approach ◽  
Smart Regulation ◽  
The Government ◽  
National Economies

LABURPENA: Legegintza-egintzen prestaketa arrazionalizatzearen alde egiten duen arautze-politikaren testuinguruan kokatu behar da Europako arauak demokratikoki legitimatzeko herritarrek izango duten parte-hartzea, kontua ez baita lege gehiago egitea, hobeto egitea baizik. Hain zuzen ere, herritarrek arau-ekoizpeneko prozesuetan parte hartzea da “bigarren belaunaldiko erregulazio” horren elementuetako bat. Izan ere, erregulazio horren bidez sortuko diren arauak aldez aurretik planifikatuta egongo dira, eraginkorrak eta efikazak izango dira Europako arauketa behar duten gaietan eragingo dutelako, proiektatzen diren sektorean izango dituzten ondorioak aurreratzen saiatuko dira, eta, indarrean dauden bitartean, etengabe ebaluatuko dira, hobetu daitezkeen edo zaharkituak edo garestiegiak izan daitezkeen edukiak hautemateko. “Legeria adimenduna” deritzona da emaitza, hau da, demokrazia parte-hartzailearen mekanismoak erabiltzen dituena eta bere behar eta helburuetara egokitzen dituena, arauak egiteko prozeduretan integratuz. Lan honetan, mekanismo horiek aztertzen dira, haien eraginkortasun praktikoa eta ordenamendu juridikoan duten eragina baloratzen da, eta agerian uzten dira mekanismo horien eraginkortasun osoa eragozten eta zailtzen duten arazoak eta gabeziak, edo mekanismo horiek sortu zireneko helburu nagusitik aldentzen dituztenak. Horrez gain, lan honetan, mekanismo horien tratamendu juridikoa birformulatzeko proposamenak egiten dira, haien jatorrizko helburura egokitzeko. ABSTRACT: Citizens collaborate with the government in the lawmaking process at an early stage and throughout the life of a legislative act by means of periodic consultations and citizens´ initiatives. This paper focuses on consultation and citizens´ initiatives as the principal mechanisms for participatory democracy in the context of smart regulation lawmaking in the European Union. A regulatory policy based on smart regulation takes the view that legislation and regulations serve the economy and, therefore, legal acts must aim to create conditions capable of boosting national economies and economic growth. Such a regulatory policy is informed by a set of principles which includes transparency, cooperation, accountability, efficiency, effectiveness, participation and openness, and is applicable to both regulatory institutions and regulations. This regulatory approach takes the view that regulations are of better quality when they have been influenced by citizens, and smart regulation results in participatory democracy. RESUMEN: El recurso a la participación ciudadana para legitimar democráticamente las normas europeas ha de situarse en el contexto de una política regulatoria que aboga por racionalizar la elaboración de actos legislativos, considerando que no se trata de legislar más, sino mejor. Precisamente, la participación de los ciudadanos en los procesos de producción normativa es uno de los elementos que caracterizan esta “regulación de segunda generación”, dirigida a la producción de normas cuya aprobación ha sido planificada de antemano, que pretenden ser efectivas y eficaces al incidir sobre cuestiones que realmente necesitan de una regulación europea, que tratan de anticipar sus efectos sobre el sector sobre el que se proyectan, y que están sometidas a un continuo proceso de evaluación durante su vigencia para detectar aquellos contendidos que pueden ser mejorados o que han devenido obsoletos o excesivamente gravosos. El resultado es la llamada “legislación inteligente”, que hace uso de los mecanismos de la democracia participativa y los remodela y adapta a sus necesidades y objetivos, integrándolos en los procedimientos de elaboración de normas. En este trabajo se analizan los citados mecanismos, se valora su eficacia práctica y su repercusión en el ordenamiento jurídico, poniendo de manifiesto los problemas y carencias que impiden y dificultan su completa efectividad o los distraen del objetivo principal para el que fueron concebidos, al tiempo que se realizan propuestas dirigidas a reformular su tratamiento jurídico para adecuarlos a su finalidad primigenia.

scholarly journals Government debt management: challenges and perspectives

2018 ◽  
Vol 15 (3) ◽  
pp. 143-156 ◽  
Author(s):  
Rostyslav Slav’yuk ◽  
Nataliia Slaviuk
Keyword(s):  
European Union ◽  
Developing Countries ◽  
Government Debt ◽  
Debt Management ◽  
The European Union ◽  
The World ◽  
European Union Countries ◽  
Unlimited Growth ◽  
The Usa ◽  
The Government

The article examines the current tendencies of the government indebtedness in the world. It proves the rapid growth of the government debt in the different countries around the world after the 2008–2009 financial crisis and analyzes the reasons for government debt increase in particular countries and its consequences. The study is devoted to the research of the government debt in developed and developing countries. Particular attention is paid to the government debt of Japan, the USA, the European Union countries. In the article, the government debt of Ukraine, its tendencies, and consequences for the economy are analyzed. The state borrowings in Ukraine are often used for financing the servicing and payment of the existing debt. Government debt can be an important investment source and used for the development of the economies. But in the conditions of its rapid and unlimited growth, government indebtedness can be a burden for the economy.

EUROPEAN FISCAL RULES AS A LIABILITY IN THE TRANSATLANTIC TRADE CONFLICT: LESSONS FROM NiGEM SIMULATIONS

2020 ◽  
Vol 254 ◽  
pp. R54-R66 ◽  
Author(s):  
Sebastian Dullien ◽  
Sabine Stephan ◽  
Thomas Theobald
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Fiscal Policy ◽  
Fiscal Rules ◽  
The European Union ◽  
Negative Effects ◽  
Transatlantic Trade ◽  
The Us ◽  
Trump Administration

Under the Trump administration, a transatlantic trade conflict has been escalating step by step. First, it was about tariffs on steel and aluminium, then about retaliation for the French digital tax, which is suspended until the end of the year. Most recently, the US administration threatened the European Union with tariffs on cars and car parts because of Canadian seafood being subject to lower import duties. As simulations with NiGEM show, a further escalation of the transatlantic trade conflict has the potential to slow down economic growth significantly in the countries involved. This is a considerable risk given the fact that the countries have to cope with the enormous negative effects of the pandemic shock. Furthermore, the damage caused by the trade conflict depends on the extent to which the affected countries use fiscal policy to stabilise their economies.

scholarly journals The Importance of Maritime Transport for Economic Growth in the European Union: A Panel Data Analysis

2021 ◽  
Vol 13 (14) ◽  
pp. 7961
Author(s):  
Alexandra Fratila (Adam) ◽  
Ioana Andrada Gavril (Moldovan) ◽  
Sorin Cristian Nita ◽  
Andrei Hrebenciuc
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Maritime Transport ◽  
The European Union ◽  
Panel Data Regression ◽  
Green Investment ◽  
Port Infrastructure ◽  
The Impact

Maritime transport is one of the main activities of the blue economy, which plays an important role in the EU. In this paper, we aim to assess the impact of maritime transport, related investment, and air pollution on economic growth within 20 countries of the European Union, using eight panel data regression models from 2007 to 2018. Our results confirm that maritime transport, air pollutants (NOx and SO2) from maritime transport, and investment in maritime port infrastructure are indeed positively correlated with economic growth. In other words, an increase of 10% in these factors has generated an associated increase in economic growth rate of around 1.6%, 0.4%, 0.8%, and 0.7% respectively. Alongside the intensity of economic maritime activities, pollution is positively correlated with economic growth, and thus it is recommended that policymakers and other involved stakeholders act to diminish environmental impacts in this sector using green investment in port infrastructure and ecological ships, in accordance with the current European trends and concerns.

scholarly journals Are International Indices Good Predictors of Economic Growth? Panel Data and Cluster Analysis for European Union Countries

2021 ◽  
Vol 13 (11) ◽  
pp. 6003
Author(s):  
Manuel Carlos Nogueira ◽  
Mara Madaleno
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Human Development ◽  
Empirical Studies ◽  
The European Union ◽  
Global Competitiveness ◽  
Environmental Performance Index ◽  
European Union Countries ◽  
And Cluster Analysis

Every year, news about the publication of rankings and scores of important international indexes are highlighted, with some of the most prestigious being the Global Competitiveness Index (GCI), the Human Development Index (HDI), the Ease of Doing Business (EDB), the Environmental Performance Index (EPI) and the Global Entrepreneurship (GEI). A country’s progression in these indices is associated with economic growth, especially since several empirical studies have found evidence to reinforce these beliefs, the indices having been built based on the scientific literature on economic growth. Building a database on these indices for European Union countries between 2007 and 2017 and using panel data methodologies and then 2SLS (Two-Stage Least Squares) to solve the problem of endogeneity, we verify empirically through panel data estimates, what is the relationship between the mentioned indices and the European Union countries’ economic growth for the period. However, as the European Union is made up of diverse countries with different economic and social realities, we divided the countries into six clusters and made an individual interpretation for each one. We found that human development and competitiveness play an important role in economic growth, and entrepreneurship also impacts this growth. Regarding income distribution, applying the Gini index, we found that only human development mitigates inequalities.

Institutions of Conflict Management and Economic Growth in the European Union

Kyklos ◽  
2001 ◽  
Vol 54 (4) ◽  
pp. 509-531 ◽  
Author(s):  
Friedrich Schneider ◽  
Alexander F. Wagner
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Conflict Management ◽  
The European Union

Euroatlanske integracije i savremeni izazovi razvojne politike javnog komuniciranja u Bosni i Hercegovini

2017 ◽  
pp. 33-50
Author(s):  
Mirza Mehmedović
Keyword(s):  
European Union ◽  
Bosnia And Herzegovina ◽  
Information Needs ◽  
Political Organization ◽  
Media Policy ◽  
Specific Information ◽  
The European Union ◽  
Public Media ◽  
The Government ◽  
The Many

In the middle of the second decade of the twenty-first century, Bosnia and Herzegovina is at the crossroads of political, economic and cultural revitalization of the society as a country that declarative aims for application of European principles of political organization and the membership in the European Union. On this way there are many open issues that are the result of twenty years of political and economic stagnation or collapse of all elements that should be the foundation for the stabilization of a modern democratic society in Bosnia and Herzegovina. The internal reconstruction of the political system and the revitalisation of the institutions of the government or different holders of political reforms means at the same time the fulfilment of the conditions of accession to Euro-Atlantic integration. The development of a unified media policy in Bosnia and Herzegovina, and the establishment of public media service in accordance with the requirements of the European Union and the interests of all citizens are the top issues among the many current challenges that we have to deal with in the future. But for Bosnia and Herzegovina it is not exclusively the interest of communicational research. It must be necessarily seen in the wider context as a political, cultural and economic issue, because the establishment of a single media/communication system is one of the key requirements for a political compromise, the integration of society and the harmonization of other common (primarily economic) interests for all citizens of Bosnia and Herzegovina. One of the key requirements for defining a unified media policy in Bosnia and Herzegovina is agreeing / reconciliation of all complex (heterogeneous) cultural characteristics, as well as the specific characteristics of modern communication situation in a model that would respond to the specific information needs of citizens and the standards applied by the European Union.

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