Amir-ud-Din, Rafi; Rashid, Abdul; Ahmad, Shabbir - Volkswirtschaftliche Fakultät, … - 2008
uncertain relationship between democracy and fiscal policy variables like expenditures, revenues and deficit; whereas democracy … impact on fiscal expenditures, suggesting that with an increase in political rights, the governing institutes begin to feel … themselves more accountable and as such are more circumspect in expenditures. …