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Elected representatives have little incentive to pursue the interests of those electing them once they are elected. This well-known principle-agent problem leads, in a variety of theories of government, to non-optimally large levels of government expenditure. An implication is that budgetary...
Persistent link: https://www.econbiz.de/10012713812
Federal place-based policy could improve efficiency if it targets areas with large amenity or agglomeration externalities. We begin by showing that positive shocks to federal spending in a county and their associated economic stimulus substantially decrease crime, an important amenity. We then...
Persistent link: https://www.econbiz.de/10012900768
The results of data analysis for 25 years from 1991 to 2015 using regression models) showed that the value added of each economic sector in the State of East Indonesia was determined to be individually or by changes in per capita income. Thus according to the title Effect income, population,...
Persistent link: https://www.econbiz.de/10012924356
In 1988, the 'new' Brazilian Federal Constitution increased municipalities' responsibilities. One of those responsibilities is to conduct spending which the main goal is population welfare. Considering the possibility of specific local welfare expenditures, individuals tend to migrate to cities...
Persistent link: https://www.econbiz.de/10011476383
Individual choices are often inconsistent with economic theories, which has motivated a variety of ways to measure how far choices are from a given theory. Recent work has investigated the correlation between measures of rationality and observable information such as education or income. This...
Persistent link: https://www.econbiz.de/10012869086
We measure the distributive justice preferences of students within eight departments in the faculty of Social Sciences at the University of Turku, Finland. We use the Finnish government's annual budget and its specific appropriations as a proxy to measure the students' underlying preferences. We...
Persistent link: https://www.econbiz.de/10014062333
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...
Persistent link: https://www.econbiz.de/10010292975
After years of stagnation and political cataclysms, Georgia tried to recover by launching radical economic and political reforms starting in 2004. The results of the reforms appeared to be impressive. The country's GDP has more than doubled; the total volume of bank deposits is five times what it...
Persistent link: https://www.econbiz.de/10010326598
This paper examines whether fiscal illusion can help to explain the behavior of federal government expenditures in Brazil during period 1990-2011. The analyses is based on a median voter model that admits that the degree of tax visibility may affect the individual's perception of his tax burden...
Persistent link: https://www.econbiz.de/10010330709
Nach der Bundestagswahl schlägt die Stunde der finanzpolitischen Wahrheit. Wer auch immer die nächste Bundesregierung stellt: Der Kassensturz nach der Wahl wird zeigen, dass kaum noch finanzpolitischer Handlungsspielraum besteht. Die öffentlichen Haushalte haben sich im Zuge der Rezession...
Persistent link: https://www.econbiz.de/10011602056