Eine neue Studie zeigt den Einfluss von Parteiideologie auf Wirtschaftspolitik in den US-Bundesstaaten auf. Demokraten haben die Staatstätigkeit ausgeweitet; Republikaner haben sie zurückgefahren. Insbesondere haben Republikaner die Arbeitsmärkte dereguliert. Problemlos implementiert werden...

Using time-series techniques and panels data, the paper analyses for the EU countries in the period 1970-2009 the existence and shape of the “BARS curve” (Barro, Armey, Rahn, and Scully), connecting the size of Government (measured by the share of public expenditure on GDP) to the rate of...

This paper analyses the effect of public expenditure on economic growth from both a theoretical and an empirical point of view. Given that the economic literature supplies numerous and conflicting views on the topic, the article offers a framework combining both theories of market failures and...

The development literature of the post-war period justified governmental intervention in economic development on a number of grounds such as market failure, trade pessimism and further impoverishment of poor countries through trade. In line with the prevalent mainstream thinking, the Indian...