In modernen Wohlfahrtsstaaten wird das Marktgeschehen in starkem Maße durch die Politik beeinflusst. Indem der Staat Steuern einhebt und Staatsausgaben tätigt, beeinflusst er sowohl die Struktur und das Niveau der Produktion als auch die Einkommensverteilung und damit die Verteilung der...

Recent research has found that the dynamic properties of the New Keynesian model can be very different when the nominal interest rate is zero. Improvements in technology and reductions in the labor tax rate lower economic activity, and the size of the government purchase output multiplier can be...

Careful consideration of the appropriate level and composition of aggregate public spending is vital in low income countries, especially in the presence of large volumes of foreign aid. Not only can expansion of the public sector weaken economic growth, but also provision of public services may...

In 1974 Britain elected a Labour government pledged to expand public spending significantly. Labour followed its programme for two years, but after that began to cut both government spending and taxation, anticipating the post-1979 Conservative agenda. This paper examines the history of this...

It is widely recognised that public-sector purchasers tend to discriminate in favour of domestic suppliers. We study the consequences of home-biased public procurement on international specialisation. In the theoretical analysis we find two effects. First, a country will specialise in the sector...

Die Studie untersucht den Einfluss der öffentlichen Ausgaben auf das Wirtschaftswachstum in Deutschland. Nach der Wachstumstheorie ist die Wirkung der öffentlichen Ausgaben auf das Wachstum nicht eindeutig, jedoch zeigt das Ergebnis der linearen Regression für den Zeitraum 1961 bis 2002 einen...

The paper examines the effects of demographic change on federal, state and local government expenditures in Germany. Public spending is decomposed into almost 30 categories (functions) and simple estimates of age cost profiles are derived. Using population forecasts and assuming timeinvariant...

The paper examines the effects of demographic change on federal, state and local governments in Germany with a focus on the expenditure side to answer the question, whether demographic change will induce vertical fiscal expenditure imbalances. We present estimates of the impact of demographic...

Gegenstand der vorliegenden Untersuchung ist eine Quantifizierung der Pensionsausgaben für die jeweiligen Länderhaushalte im Zeitablauf. Zwar wurden die Pensionsverpflichtungen in den Versorgungsberichten vereinzelter Länderfinanzministerien bereits beschrieben, allerdings liegen damit keine...

This paper is concerned with the question as to what extent population size and density affect the cost of providing public services at the subnational level. Empirical estimates of cost functions are obtained from an analysis of the expenditures of German states disaggregated into about 40...