Brosio, Giorgio; Hyman, David; Santagata, Walter - In: Public Choice 35 (1980) 1, pp. 3-15
Our statistical results confirm the hypothesis of a general upward shift in the spending function between 1971 and 1975. Both the constant and most coefficients of our estimated spending functions increased since 1971 indicating an increase in both the average and marginal propensity to spend....
