This paper contributes to the empirical literature on convergence by applying convergence model to components of government expenditures (by function) in EU15 during 1995-2010, using the data from United Nations Statistics Division. Moreover, we extend the traditional convergence model to allow...

The global economic crisis has had a major impact on the economies of EU Member States, among other things, public sector budget deficits and public debt levels have risen dramatically. This has been reflected also on the budgets of the European Union (EU) that had become tighter and raise the...

The global economic crisis has had a major impact on the economies of EU Member States, among other things, public sector budget deficits and public debt levels have risen dramatically. This has been reflected also on the budgets of the European Union (EU) that had become tighter and raise the...

The goal of this paper is to investigate the relationship between fiscal decentralization and the size of government. Using a pooled mean group estimator, which has rarely been applied in this context, we analyze a set of 23 OECD countries over the period 1970–2008. In contrast to previous...