Ferris, J. Stephen; Park, Soo-Bin; Winer, Stanley L. - Carleton University, Department of Economics - 2005
nonconvergence hypotheses. Convergence means that political competition forces public spending to converge in the long run to a level … political competition prevent convergence to that long run. The general idea here is that a political factor can clearly be said … factors considered, only variation in the degree of political competition leads to substantial departures of public …