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Blanchflower, David G.; Freeman, Richard B. - 2021

between Hungary and the other previously communist countries and in Western countries to suggest that communism left an …

Persistent link: https://www.econbiz.de/10013223578

Social Capital, Government Expenditures and Growth

Ponzetto, Giacomo A. M. - 2018

This paper shows that social capital increases economic growth by raising government investment in human capital. We present a model of stochastic endogenous growth with imperfect political agency. Only some people correctly anticipate the future returns to current spending on public education....

Persistent link: https://www.econbiz.de/10012920892

Deadweight Costs and the Size of Government

Becker, Gary S.; Mulligan, Casey B. - 2021

We provide a model for analyzing effects of the tax system and spending programs on the determination of government spending and taxpayer welfare and show that tax system or spending program which is suboptimal from a Ramsey point of view can improve taxpayer welfare because the system creates...

Persistent link: https://www.econbiz.de/10013218809

Economic Growth in a Cross Section of Countries

Barro, Robert J. - 2021

-country evidence, which indicates that per capita growth rates for about 100 countries in the post-World War II period are uncorrelated …

Persistent link: https://www.econbiz.de/10013219990

The International Transmission of Fiscal Expenditures and Budget Deficits in the World Economy

Frenkel, Jacob A.; Razin, Asaf - 2021

This paper analyses the effects of fiscal policies on rates of interest and wealth in the world economy. Uncertainty … exert real effects. It is shown that a current budget deficit(resulting from a tax cut) raises world rates of interest. On … transmission. In the long run, a higher steady-state value of government debt raises the steady-state world rate of interest but …

Persistent link: https://www.econbiz.de/10013243646

How Big (Small?) are Fiscal Multipliers?

Ilzetzki, Ethan - 2010

We contribute to the debate on the macroeconomic effects of fiscal stimuli by showing that the impact of government 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...

Persistent link: https://www.econbiz.de/10013136746

International Differences in Fiscal Policy During the Global Crisis

Bénétrix, Agustín S. - 2010

We examine the cross-country dispersion in fiscal outcomes during 2007-2009. In principle, international differences in fiscal policy may be related to differences in optimal fiscal positions, funding constraints, political economy factors and fiscal control problems. We find that the decline in...

Persistent link: https://www.econbiz.de/10013138322

Do Leaders Affect Government Spending Priorities?

Brender, Adi - 2010

Since a key function of competitive elections is to allow voters to express their policy preferences, one might take it for granted that when leadership changes, policy change follows. Using a dataset we created on the composition of central government expenditures in a panel of 71 democracies...

Persistent link: https://www.econbiz.de/10013150905

Anchors Away : How Fiscal Policy Can Undermine the Taylor Principle

Leeper, Eric M. - 2009

Slow moving demographics are aging populations around the world and pushing many countries into an extended period of …

Persistent link: https://www.econbiz.de/10013154566

Revealing Failures in the History of School Finance

Lindert, Peter H. - 2009

This essay proposes a set of non-econometric tests using data on wage structure, school resource costs, public expenditures, taxes, and rates of return to explain anomalies in which richer political units deliver less education than poorer ones. Both the anomalies of education history, and its...

Persistent link: https://www.econbiz.de/10013155017