Resumen de Convergence of fiscal pressure in the EU: a time series approach

Francisco J. Delgado Rivero, María José Presno Casquero

• The study of fiscal convergence in the European Union is an interesting issue in the context of economic integration and fiscal harmonization and we report new empirical evidence on this topic through the time series approach. We use unit root and stationarity tests with an endogenous break for the study of long run, deterministic and stochastic convergence of the national fiscal pressure taking Germany, the United Kingdom and the European average as benchmarks. Only the United Kingdom and Germany present long run convergence and few countries converge with them despite harmonization efforts and fiscal competition.