Thesis-2009-Nikolov.pdf (6.03 MB)
Essays on fiscal sustainability in Europe
thesis
posted on 2018-07-03, 10:30 authored by Ivaylo A. NikolovFiscal sustainability is present when the current government debt equates to the present
value of future budget surpluses or their excess over deficits but since 1970 the EU
countries on average had a surplus budget only in one year. The first aim of the thesis is to
see whether Europe has achieved fiscal sustainability, whereas the second aim is to analyse
the effects of Maastricht and the Stability and Growth Pact to this end. Another research
aim is to present a formal fiscal sustainability assessment for the EU accession countries.
Finally, the thesis bridges fiscal and external sustainability and studies the economy-wide
sustainability separately in 'old' Europe and the accession countries. [Continues.]
History
School
- Business and Economics
Department
- Economics
Publisher
© Ivaylo Alexandrov NikolovPublisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Publication date
2009Notes
A Doctoral Thesis. Submitted in partial fulfilment of the requirements for the award of Doctor of Philosophy at Loughborough University.Language
- en