Neck, Reinhard; Getzner, Michael - In: Public Choice 109 (2001) 3-4, pp. 243-68
Based on a number of economic and particularly politico-economic arguments, we examine the reasons for the growth of the central government's debt in Austria using time series data for the period 1960 to 1999. Starting with an empirical test of Bohn's theory of sustainability of fiscal policy,...