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Das Durchschnittsalter der deutschen Bevölkerung wird sich binnen der nächsten fünfDekaden massiv erhöhen. Der Grund dafür ist der so genannte „doppelte Alterungsprozess“.Dieser wird als „doppelt“ bezeichnet, da zum einen durch die geringen Geburtenraten seit den1970er Jahren junge...
Persistent link: https://www.econbiz.de/10005870441
"Indonesia's oil revenues and fuel subsidies dominate the nation's economic policy agenda. This paper estimates the impact of higher international oil prices on the Indonesian government's fiscal position in 2008 and beyond. It analyzes the interactions between government revenues and...
Persistent link: https://www.econbiz.de/10003758859
Hungary is one of the worst-hit countries of the current financial crisis in Central and Eastern Europe. The deteriorating economic performance of the country is, however, not a recent phenomenon. A relatively high ratio of redistribution, a high and persistent public deficit and accelerated...
Persistent link: https://www.econbiz.de/10003854437
Persistent link: https://www.econbiz.de/10003889450
This paper investigates the presence of political budget cycles (PBCs) in the European Union using a data set encompassing all 27 current member states over the period 1997-2008, and analyzes what may explain their variability across countries and over time. Conditioning on partisan...
Persistent link: https://www.econbiz.de/10003920014
In the theoretical macroeconomics literature, fiscal policy is almost uniformly taken to mean taxing and spending by a ‘benevolent government’ that exploits the potential aggregate demand externalities inherent in the imperfectly competitive nature of goods markets. Whilst shown to raise...
Persistent link: https://www.econbiz.de/10008778542
We take stock of what is known about public investment in the member states of the European Union, old and new alike. The interesting features about the long-term evolution of public investment have been its downtrend in old EU member states, bar the cohesion countries, and its volatility in new...
Persistent link: https://www.econbiz.de/10008939528
ability to finance investment. The Regulation of the Minister of Finance from 23rd December 2010 on detailed ways of … issued on the basis of specially changed article 72, section 2 of the Act of 27th August 2009 on Public Finance (Journal of … Law No 157, position 1240 with subsequent amendments). -- public finance ; public sector ; expenditure ; income …
Persistent link: https://www.econbiz.de/10009575850
Persistent link: https://www.econbiz.de/10009305805
Most growth theorists agree that understanding the economics of innovation and technological change is central to understanding why some countries are richer and/or grow faster than other countries. The driving force behind recent developments in endogenous innovation models of growth is a...
Persistent link: https://www.econbiz.de/10010519545