Recently many European countries have incurred crises in public finance despite the fact that EU institutions have pushed the national governments toward the sustainability of public finance with compulsory and voluntary rules regarding fiscal governance. This paper investigates the relations between the quality of fiscal governance and the financial virtuosity of national fiscal policy. We proposed a general framework for analyzing the fiscal governance issue and we empirically tested the correlation between the dimensions of fiscal governance and the budgetary performance of EU countries. The results showed a positive correlation between the quality of fiscal governance in the EU countries and financial surplus in the period concerned. However further investigations are needed and an effort should be made to collect uniform data on fiscal governance in the European Union.

Giosi, A., Testarmata, S., Brunelli, S., Staglianò, B. (2014). TheDimensions of Fiscal Governance as Cornerstone of the Public Finance Sustainability: a General. JOURNAL OF PUBLIC BUDGETING, ACCOUNTING AND FINANCIAL MANAGEMENT.

TheDimensions of Fiscal Governance as Cornerstone of the Public Finance Sustainability: a General

Giosi A.;Testarmata S.;Brunelli S.;Staglianò B.
2014-01-01

Abstract

Recently many European countries have incurred crises in public finance despite the fact that EU institutions have pushed the national governments toward the sustainability of public finance with compulsory and voluntary rules regarding fiscal governance. This paper investigates the relations between the quality of fiscal governance and the financial virtuosity of national fiscal policy. We proposed a general framework for analyzing the fiscal governance issue and we empirically tested the correlation between the dimensions of fiscal governance and the budgetary performance of EU countries. The results showed a positive correlation between the quality of fiscal governance in the EU countries and financial surplus in the period concerned. However further investigations are needed and an effort should be made to collect uniform data on fiscal governance in the European Union.
2014
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore SECS-P/07 - ECONOMIA AZIENDALE
English
Con Impact Factor ISI
https://www.emeraldinsight.com/doi/pdfplus/10.1108/JPBAFM-26-01-2014-B005
Giosi, A., Testarmata, S., Brunelli, S., Staglianò, B. (2014). TheDimensions of Fiscal Governance as Cornerstone of the Public Finance Sustainability: a General. JOURNAL OF PUBLIC BUDGETING, ACCOUNTING AND FINANCIAL MANAGEMENT.
Giosi, A; Testarmata, S; Brunelli, S; Staglianò, B
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/199874
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