Government Debt, Austerity and Strikes: A Panel Data Analysis for Europe

11 Pages Posted: 22 Nov 2011

Date Written: November 21, 2011

Abstract

In the present paper an empirical analysis will point out that austerity measures due to high levels of government debt as a percentage of GDP have (among others) a positive impact on social unrest measured by the number of strikes. The empirical findings of the present paper support the view of (Ponticeilli and Voth, 2011). Present article is an extension of author’s previous works. The sample covers during the period 1998-2006 many European countries. The elaboration of the panel data is made feasible by means of the Eviews software package.

Keywords: Income Distribution, Government Debt, GDP, Economic Growth, Investment, Entrepreneurship, Social Unrest, Obstacles to Entrepreneurship, Econometric models with panel data (single equation), Banking, Company Performance, Economic Policy

JEL Classification: C23, F43, E21, P1, L26, J5, E22, C61, E4, E5, M1, E6

Suggested Citation

Georgiou, Miltiades N., Government Debt, Austerity and Strikes: A Panel Data Analysis for Europe (November 21, 2011). Available at SSRN: https://ssrn.com/abstract=1962694 or http://dx.doi.org/10.2139/ssrn.1962694

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