Gemmell, Norman; Kneller, Richard; Sanz, Ismael - In: European Journal of Political Economy 24 (2008) 1, pp. 151-171
The 'compensation' and 'efficiency' hypotheses propose that globalization affects both the total, and composition of, public expenditures in different ways. Under the former, economic insecurity leads to expanding public sectors and social expenditures, whereas under the efficiency hypothesis,...
