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Using an estimation method developed by Blanchard and Wolfers (2000) we study whether the size of a country's legislature impacts its fiscal response to common and country-specific shocks. The use of this method allows us to estimate the effects of legislature size while also controlling for...
Persistent link: https://www.econbiz.de/10013049314
As the COVID-19 pandemic has shaped public policies and government finances, it has also influenced the topics that public finance economists are researching. Because the 2020 International Institute of Public Finance (IIPF) Congress featured papers that were submitted prior to the start of the...
Persistent link: https://www.econbiz.de/10012602343
This paper examines effects of political ideology of a governing party on fiscal outcomes, using data from eight Central and Eastern European countries in the 2001-2017 period. The analysis shows that there is a statistically significant effect of conservative governments on fiscal variables,...
Persistent link: https://www.econbiz.de/10012157827
This paper introduces preliminary evidence from a cross-country database of policy characteristics and potential uses of that database. While most databases have emphasized either the content of policies (e.g., size of government deficits) or countries&' formal institutions (e.g., political...
Persistent link: https://www.econbiz.de/10003794706
The proposed balanced budget amendment is actually a spending limitation amendment. It would limit federal spending to 18 percent of GDP. This article argues that using GDP to calculate the maximum amount of spending is grossly inappropriate, especially for a constitutional amendment, because...
Persistent link: https://www.econbiz.de/10013122626
The causal relationship between government revenue and government expenditure is an important subject in public economics especially to the control of budget deficit. The purpose of this study is to investigate the relationship between government revenue and government expenditure in Iran by...
Persistent link: https://www.econbiz.de/10013113053
We compare the size, structure and evolution of the public sectors in Canada and the United States primarily using national income accounting data. In the course of this investigation, which is accompanied by a substantial spreadsheet covering the period from 1929 to 2003/2004, questions are...
Persistent link: https://www.econbiz.de/10012731350
This paper investigates the role of model uncertainty in explaining the different findings in the literature regarding the determinants of government expenditure and its components. In particular, we systematically assess the evidentiary support for nine different theories using a novel model...
Persistent link: https://www.econbiz.de/10012900515
Research on the distribution of federal expenditures has provided mixed evidence showing that states with more legislators who belong to the president's party and states with more legislators in the chamber majority tend to receive a larger allocation of federal funds. We add to this research by...
Persistent link: https://www.econbiz.de/10012973308
The relationship between government size and economic growth has been widely debated. Departing from this issue, we provide an empirical analysis of the impact of government size on technical efficiency. The aim of this paper is to estimate by using a True Random Effect model the impact of...
Persistent link: https://www.econbiz.de/10012858517