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Procyclical government spending occurs when government expenditures increase at a faster rate than income in an economic upturn but fall at a faster rate in a recession. Voracity effects occur when competition for increased spending proves more effective as national income increases. Public...
Persistent link: https://www.econbiz.de/10010863699
It has been shown that the positive correlation between income and electoral turnout is consistent with an opportunity cost argument. The argument highlights the impact of uncertainty costs generated by a broadening of the powers of government. It has implications for equity inasmuch as such...
Persistent link: https://www.econbiz.de/10010863951
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This paper considers a measure of the “publicness” of goods and services implicit in responses that individuals make when asked about public sector spending. At the limit, all consumers consume equal amounts of a public good. Thus any differences between an individual's self-interest...
Persistent link: https://www.econbiz.de/10005705851
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This paper explores the proposition that political parties reduce the ‘transaction costs’ of electoral participation. Political parties provide a low cost signal of a candidate's policies and personal characteristics and, in this way, reduce voters' information costs. With reference to...
Persistent link: https://www.econbiz.de/10005674857