diverging across German federal states. Given that state and local governments are endowed with expenditure autonomy, this paper … investigates whether the composition of sub-national government expenditure has an impact on the degree of indebtedness. A panel …, considered separately, larger budget shares of both investment and personnel expenditure are associated with lower debt …

expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime …, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we …

expenditures at all public authorities (central, state and local) trigger positive and statistically significant output effects at …, the disaggregated results suggest that besides investment, it is chiefly expenditure with a large share of personnel …