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discussion of the pros and cons of direct democracy, the ability of direct democracy to help creating a European demos is …
Persistent link: https://www.econbiz.de/10011511096
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross-sectional dependence (CD). In particular, our econometric approach is the first that allows fiscal reaction functions (FRF) to capture unobserved heterogeneous effects from...
Persistent link: https://www.econbiz.de/10011811360
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross-sectional dependence (CD). In particular, our econometric approach is the first that allows fiscal reaction functions (FRF) to capture unobserved heterogeneous effects from...
Persistent link: https://www.econbiz.de/10011814265
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross-sectional dependence (CD). In particular, our econometric approach is the first that allows fiscal reaction functions (FRF) to capture unobserved heterogeneous effects from...
Persistent link: https://www.econbiz.de/10011822075
discussion of the pros and cons of direct democracy, the ability of direct democracy to help creating a European demos is …
Persistent link: https://www.econbiz.de/10010315843
Persistent link: https://www.econbiz.de/10003342037
Persistent link: https://www.econbiz.de/10003821383
Persistent link: https://www.econbiz.de/10003377189
Persistent link: https://www.econbiz.de/10003936578
likely through representative democracy. In the non-cooperative case, the more extensive possibilities for institutional … design under representative democracy increase the likelihood of centralisation. Direct democracy may thus be interpreted as …
Persistent link: https://www.econbiz.de/10003592733