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Political competition and convergence to fundamentals : with application to the political business cycle and the size of government

Ferris, J. Stephen; Park, Soo-Bin; Winer, Stanley L. - 2006

We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. The problem is first posed in a particular context by uncovering a political business cycle (using Canadian data for 130 years) and by taking up the challenge to make...

Persistent link: https://www.econbiz.de/10010276133

General or Central Government? Empirical Evidence on Political Cycles in Budget Composition Using New Data for OECD Countries

Potrafke, Niklas - 2020

Previous studies used general government data to examine whether national governments' electoral motives and ideology influenced budget composition in OECD countries. General government data includes, however, the state and local level. Using new data for general and central government over the...

Persistent link: https://www.econbiz.de/10012840213

Fiscal Performance of Minority Governments : New Empirical Evidence for OECD Countries

Potrafke, Niklas - 2019

I use new data on central and general governments for 23 OECD countries over the period 1960-2015 (unbalanced panel) to examine fiscal performance under minority governments. The results do not suggest that minority governments had higher fiscal deficits and public expenditure than majority...

Persistent link: https://www.econbiz.de/10012866314

Restrictive immigration policy in Germany: pains and gains foregone?

Felbermayr, Gabriel; Geis, Wido; Kohler, Wilhelm K. - 2008

Many European countries restrict immigration from new EU member countries. The rationale is to avoid adverse wage and …

Persistent link: https://www.econbiz.de/10010274461

EU enlargement, migration and the new constitution

Sinn, Hans-Werner - 2004

The paper deals with the effects of migration resulting from EU Eastern enlargement on the welfare states of Western Europe. Although migration is good in principle, as it yields gains from trade and specialization for all countries involved, it does so only if it meets with flexible labour...

Persistent link: https://www.econbiz.de/10010261112

Immigration, fertility, and human capital: A model of economic decline of the West

Azarnert, Leonid V. - 2010

I show how the influences of unskilled immigration, differential fertility between immigrants and the local indigenous … low-skilled workers lose from unskilled immigration even if the indigenous low-skilled workers do not finance … redistribution, do not compete with immigrants in the labor market, and do not compete with immigrants for publicly financed income …

Persistent link: https://www.econbiz.de/10010270531

Size and soft budget constraints

Crivelli, Ernesto; Staal, Klaas - 2006

There is much evidence against the so-called too big to fail hypothesis in the case of bailouts to sub-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10010264026

Why do differences in the degree of fiscal decentralization endure?

Calsamiglia, Xavier; Garcia-Milà, Teresa; McGuire, … - 2006

Differences in the degree of fiscal decentralization observed between the U.S. and many countries in Europe cannot be explained within the standard theory of fiscal decentralization. By introducing preferences for solidarity - equality in the provision of public goods and services across regions...

Persistent link: https://www.econbiz.de/10010264042

Optimal energy investment and R&D strategies to stabilise Greenhouse Gas atmospheric concentrations

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - 2007

The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...

Persistent link: https://www.econbiz.de/10010264276

Ageing municipalities, gerontocracy and fiscal competition

Montén, Anna; Thum, Marcel - 2008

We develop a simple model of fiscal competition among ageing municipalities. When ageing advances, gerontocracies and social planners gradually substitute publicly provided goods aimed at the mobile young population for publicly provided goods for the elderly. This substitution process does not...

Persistent link: https://www.econbiz.de/10010264494

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