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Does direct democracy reduce the size of government? : new evidence from historical data, 1890 - 2000
Funk, Patricia; Gathmann, Christina - 2009
democracy has a constraining, but modest effect on spending. Our estimates suggest that a mandatory budget referendum reduces …
Persistent link: https://www.econbiz.de/10003854446
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Direct democracy and government size : evidence from Spain
Sanz, Carlos - 2017
Persistent link: https://www.econbiz.de/10011784207
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Disciplining ballots? : (un-intended) effects of voter engagement on the fiscal sustainability of Swiss cantons
Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2023
We test whether the proactive use of instruments of direct democracy by voters can help to explain fiscal sustainability of 25 Swiss cantons. Using data of all cantonal popular votes since 1977, our results show that the fiscal reaction of cantonal governments to an increase in the debt to GDP...
Persistent link: https://www.econbiz.de/10014427600
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Sustainable fiscal policy in a federal system : Switzerland as an example
Feld, Lars P. (contributor);  … - 2004
Persistent link: https://www.econbiz.de/10002398723
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Does female suffrage increase public support for government spending? : evidence from Swiss ballots
Hofer, Katharina E. - 2013
In this paper, I analyze the voting outcomes of two very similar Swiss referendum ballots concerning the federal …
Persistent link: https://www.econbiz.de/10010204664
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Does female suffrage increase public support for government spending? : evidence from Swiss ballots ; conference paper
Hofer, Katharina E. - 2013 - Work in progress
experiment from Switzerland, I test this hypothesis empirically. I analyze the voting outcomes of two very similar referendum …
Persistent link: https://www.econbiz.de/10010339969
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The Indirect Effects of Direct Democracy : Local Government Size and Non-Budgetary Voter Initiatives
Asatryan, Zareh - 2014
Recently a wide and empirically-backed consensus has emerged arguing that direct democratic control over government's spending decisions through initiatives and referenda constrains government size. But what happens if budgetary matters are excluded from the voters' right of the initiative? I...
Persistent link: https://www.econbiz.de/10013060353
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The indirect effects of direct democracy : local government size and non-budgetary voter initiatives
Asatryan, Zareh - 2014
Recently a wide and empirically-backed consensus has emerged arguing that direct democratic control over government's spending decisions through initiatives and referenda constrains government size. But what happens if budgetary matters are excluded from the voters' right of the initiative? I...
Persistent link: https://www.econbiz.de/10010229890
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The effects of fiscal institutions on public finance : a survey of the empirical evidence
Kirchgässner, Gebhard - 2001
This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...
Persistent link: https://www.econbiz.de/10011408436
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The effects of direct democracy on stock market risk and returns : an event study from Switzerland
Morley, Bruce - In: Risks : open access journal 11 (2023) 2, pp. 1-13
both the market's return and volatility. The results suggest that the day after the referendum, there was little evidence … of a positive effect on stock returns. However, using a longer window of three days before and after the referendum …, there was evidence of a positive effect from the referendum on the market's returns and a negative effect on its volatility …
Persistent link: https://www.econbiz.de/10014233147