Convergence of public expenditures and implementation of a single model of public finances in the European Union

• Localización: Revista de economía mundial, ISSN 1576-0162, Nº 37, 2014, págs. 75-102
• Idioma: inglés
• Títulos paralelos:
  • Convergencia en gasto público e implantación de un modelo único de finanzas públicas en la Unión Europea
• Enlaces
  • Texto completo
• Resumen
  • español

    El artículo analiza la convergencia de la composición del gasto público de los países de la Unión Europea. La novedad de este trabajo radica en el uso de técnicas diferentes a las tradicionales sigma y beta convergencia, en el uso de clasificaciones del gasto público económicas y funcionales y a dos medidas del tamaño del gasto público: como porcentaje del PIB y como porcentaje de gasto público total. Las pruebas no indican convergencia en la composición del gasto público, principalmente cuando éste se mide como porcentaje del gasto público total.

  • English

    The paper analyses whether the composition of public spending is converging in the European Union. The novelty of the paper lies in the use of different techniques from traditional beta and sigma convergences, of the economic and functional classifications of public spending, and of two measures of the size of public expenditure: as a share of GDP and as a share of total public expenditures. The tests do not detect a convergence of the composition of public expenditures, mainly when the composition of public expenditures is measured as a share of total public expenditures.

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