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period 1970-2007, for different EU and OECD country groupings. We use a panel-data approach based on SUR systems and Wald … account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France, Italy, Hungary, Lithuania …
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, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend …, Austria Finland and the UK, and for several EU New Member States. …
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We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …
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, indicate that it would be wise to reject the debt neutrality hypothesis for the EU and that higher government indebtedness …
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