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In 1974 Britain elected a Labour government pledged to expand public spending significantly. Labour followed its … examination of the political thinking within the 1970s Labour Party suggests that autonomous ideological changes were the most …
Persistent link: https://www.econbiz.de/10005811378
We compare the size, structure and evolution of the public sectors in Canada and the United States primarily using national income accounting data. In the course of this investigation, which is accompanied by a substantial spreadsheet covering the period from 1929 to 2003/2004, questions are...
Persistent link: https://www.econbiz.de/10012731350
government. Most federal programs are unconstitutional, unnecessary, actively damaging, or properly the responsibility of state … complex array of 716 grant programs disgorges more than $400 billion annually to state and local governments, which become …
Persistent link: https://www.econbiz.de/10014204619
were modest, and large swathes of state activity were barely touched. Britain will remain a heavily regulated, high …-tax, high-spend economy. Instead of totally reviewing the functions of the state and how the government should achieve its … examine the role of the state in key areas and find that current policies are extremely inefficient, imposing high costs but …
Persistent link: https://www.econbiz.de/10013120040
The concept of the "quality of public finances" (QPF) covers many qualitative and structural issues of fiscal policy. This chapter traces the origins of the concept of QPF to the Lisbon Strategy and the subsequent EPC Working Group on "Quality of Public Finances" (2004‐2007). At its core, the...
Persistent link: https://www.econbiz.de/10013188102
Persistent link: https://www.econbiz.de/10013102177
The aim of this article is to analyze the relationship between public spending and GDP controlling for the money supply in Italy for the period 1990-2010 at a disaggregated level, using a time series approach. After a brief introduction, a survey of the economic literature on this issue is...
Persistent link: https://www.econbiz.de/10013075317
Wagner’s Law is the first model of public spending in the history of public finance. The aim of this study is to assess its empirical evidence in Italy for the period 1960-2008 at a disaggregated level, using a time series approach. After a brief introduction, a survey of the economic...
Persistent link: https://www.econbiz.de/10014153078
This paper examines Wagner hypothesis of the growth of public expenditure alongside the growth of economic activity for a panel of 28 European economies during the 1995-2018 period. The hypothesis is verified using Pesaran (2007) panel unit root and Westerlund (2007) cointegration tests that...
Persistent link: https://www.econbiz.de/10014310932
state and, secondly, the economic consequences of democratization. With respect to the first, we find that Portugal …
Persistent link: https://www.econbiz.de/10014184870