{"id":3192,"date":"2018-06-15T00:04:25","date_gmt":"2018-06-14T22:04:25","guid":{"rendered":"http:\/\/www.rsijournal.eu\/?p=3192"},"modified":"2018-06-12T19:28:55","modified_gmt":"2018-06-12T17:28:55","slug":"effects-of-fiscal-consolidation-on-regional-economics-resilience-institutional-design-metters","status":"publish","type":"post","link":"https:\/\/rsijournal.eu\/?p=3192","title":{"rendered":"EFFECTS OF FISCAL CONSOLIDATION ON REGIONAL ECONOMICS RESILIENCE: INSTITUTIONAL DESIGN METTERS?"},"content":{"rendered":"

Christophe FEDER<\/h2>\n

Professor, University of Aosta Valley, Str. Cappuccini, 2, Aosta, Italy<\/h3>\n

c.feder1@univda.it<\/h3>\n

Vinko MU\u0160TRA<\/h2>\n

Assistant professor, Faculty of economics, business and tourism, University of Split, Cvite Fiskovi\u0107a 5, Split, Croatia<\/h3>\n

vmustra@efst.hr<\/h3>\n

Abstract<\/strong><\/p>\n

After the Great Recession, in the European Union (EU) emerges an heterogenous level of both national fiscal consolidation and regional economics resilience. The paper uses the EUROSTAT database of EU-27 at NUTS 2 level over the period 2000-2009 to test how fiscal consolidation affects the regional economics resilience. We find that the fiscal consolidation and regional economic resilience are negatively correlated. Moreover, we show that the negative effect of taxation is higher than the positive effect of public spending.<\/p>\n

Keywords:<\/strong> Regional economic resilience, Fiscal consolidation, Institutions, European Union<\/p>\n

JEL classification:<\/strong> R12, E62, H23, H72
\nread more<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Christophe FEDER Professor, University of Aosta Valley, Str. Cappuccini, 2, Aosta, Italy c.feder1@univda.it Vinko MU\u0160TRA Assistant professor, Faculty of economics, business and tourism, University of Split, Cvite Fiskovi\u0107a 5, Split, Croatia vmustra@efst.hr Abstract After the Great Recession, in the European Union (EU) emerges an heterogenous level of both national fiscal consolidation and regional economics resilience.…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181],"tags":[452,132,451,453,595,594,264,593],"class_list":["post-3192","post","type-post","status-publish","format-standard","hentry","category-published","tag-e62","tag-european-union","tag-fiscal-consolidation","tag-h23","tag-h72","tag-institutions","tag-r12","tag-regional-economic-resilience"],"_links":{"self":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3192"}],"version-history":[{"count":1,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3192\/revisions"}],"predecessor-version":[{"id":3193,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3192\/revisions\/3193"}],"wp:attachment":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}