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We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10003747332
In 1988, the 'new' Brazilian Federal Constitution increased municipalities' responsibilities. One of those responsibilities is to conduct spending which the main goal is population welfare. Considering the possibility of specific local welfare expenditures, individuals tend to migrate to cities...
Persistent link: https://www.econbiz.de/10011476383
Scotland is engaged in a lively and on-going debate on greater fiscal autonomy and independence, which is politically controversial, especially in respect of tax-varying powers. The Scottish Parliament has the power to make a balanced-budget adjustment in public expenditure by varying the basic...
Persistent link: https://www.econbiz.de/10011507604
The road safety literature is typified by a high degree of compartmentalization between studies that focus on infrastructure and traffic conditions and those devoted to the evaluation of public policies and regulations. As a result, few studies adopt a unified empirical framework in their...
Persistent link: https://www.econbiz.de/10011616550
We analyze within a spatial endogenous growth setting the impact of public policy coordination on regional inequality. Governments in each of the two symmetric regions provide a local public input that becomes globally effective due to integration. Micro-foundation of governmental behavior is...
Persistent link: https://www.econbiz.de/10012314176
We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
Persistent link: https://www.econbiz.de/10012268062
In this paper, we tested the hypothesis that policy makers' choices concerning health spent at the local level are spatially correlated and electorally oriented. We check the influence of a set of demographic, electoral and economic determinants of public health activity. We performed a spatial...
Persistent link: https://www.econbiz.de/10012491270
This paper shows that debt-financed fiscal multipliers vary depending on the maturity of debt issued to finance spending. Utilizing state-dependent SVAR models and local projections for post-war US data, we show that a fiscal expansion financed with short term debt increases output more than one...
Persistent link: https://www.econbiz.de/10013443719
Persistent link: https://www.econbiz.de/10013463904
Persistent link: https://www.econbiz.de/10003834081