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Structural Public Balance Adjustment and Relative Poverty in the Eurozone Countries: An Empirical Investigation

In: Ekonomický časopis/Journal of Economics, vol. 64, no. 8
Rosaria Rita Canale - Giorgio Liotti
Detaily:
Rok, strany: 2016, 768 - 779
Kľúčové slová:
relative poverty, fiscal consolidation, Eurozone, dynamic panel data JEL Classification: I32, E62, C23
Typ článku: Vedecký / Article
O článku:
The aim of the paper is to evaluate, through panel data dynamic models, the effects of structural public balance adjustment on relative poverty in 16 Eurozone countries from 2005 till 2013. The estimates are conducted by using the mean group (MG), the pooled mean group (PMG) and the dynamic fixed effects (DFE) estimators. The first two yield estimates of the long-run coefficients without the implausible assumption of identical dynamics in each country allowing to detect a stable relationship even in presence of reduced explanatory variables. They all – through the error correction form – allow for considering the relation between the variables in their level and the dynamic of adjustment in the short-run. All the techniques generate outcomes supporting the conclusion that fiscal re-trenchments increase relative poverty both in the short and in the long-run.
The aim of the paper is to evaluate, through panel data dynamic models, the effects of structural public balance adjustment on relative poverty in 16 Eurozone countries from 2005 till 2013. The estimates are conducted by using the mean group (MG), the pooled mean group (PMG) and the dynamic fixed effects (DFE) estimators. The first two yield estimates of the long-run coefficients without the implausible assumption of identical dynamics in each country allowing to detect a stable relationship even in presence of reduced explanatory variables. They all – through the error correction form – allow for considering the relation between the variables in their level and the dynamic of adjustment in the short-run. All the techniques generate outcomes supporting the conclusion that fiscal re-trenchments increase relative poverty both in the short and in the long-run.
Ako citovať:
ISO 690:
Canale, R., Liotti, G. 2016. Structural Public Balance Adjustment and Relative Poverty in the Eurozone Countries: An Empirical Investigation. In Ekonomický časopis/Journal of Economics, vol. 64, no.8, pp. 768-779. 0013-3035.

APA:
Canale, R., Liotti, G. (2016). Structural Public Balance Adjustment and Relative Poverty in the Eurozone Countries: An Empirical Investigation. Ekonomický časopis/Journal of Economics, 64(8), 768-779. 0013-3035.