O presente texto vai centrar a atenção sobre o estudo das principais rubricas componentes da Despesa Pública norte-americana, inscrita no Orçamento de Estado. O conjunto de rubricas analisadas prolongar-se-á entre 1940 e 2002. Através da sugestão das elasticidades rendimento de cada...

This article deals with public debt dynamics in France. It also analyses several contemporary debates such as Ricardian equivalence, sustainability and budget balance decomposition. Public deficit is not necessarily the result of a Keynesian type of expansionary fiscal policy. It can also stem...

The size of government consumption relative to national output is examined to see if it is optimal in five Gulf countries of the Middle East. We follow the methodology suggested in Barro (1990) and Karras (1996, 1997) and examine the marginal productivity of government consumption. The "Barro...

For politicians holding office today, reforming public sector institutions is an investment; they must spend resources now if they wish to achieve future gains. These institutions have no property rights attached to them. Therefore politicians need to remain in control if they are to reap the...

This paper examines good governance assessments in Croatia and in selected CEE countries. It aims to confirm that the quality of governance should be evaluated by considering phenomena- or country-specific institutional environment. Based on the analysis of good governance indicators slight...

There is an intensive dispute in political economics about the impact of institutions on income redistribution. While the main focus is on comparison between different forms of representative democracy, the influence of direct democracy on redistribution has attracted much less attention....

The impact of regulatory competition on policy outcomes and particularly on policy innova-tion is widely debated among scientists from different fields as well as among policymakers. In this paper, Swiss cantonal regulation is studied in order to gain further insights into the policy impact of...

We survey theories of impacts of budgetary rules in the budget process, review empirical evidence and on the basis of comparative studies design an optimal shape of the Czech budgetary rules. The theoretical section focuses on conventional and non-intuitive effects of spending caps under...