The Peacock and the Wiseman Displacement Effect PDF Download
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Author: Magnus Henrekson
Publisher:
ISBN:
Category : Expenditures, Public
Languages : en
Pages : 40
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Book Description
Author: Magnus Henrekson
Publisher:
ISBN:
Category : Expenditures, Public
Languages : en
Pages : 40
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Book Description
Author: John Barlow Reiss
Publisher:
ISBN:
Category : Expenditures, Public
Languages : en
Pages : 278
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Book Description
Author: Cosimo Magazzino
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
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Book Description
Wagner's Law is the first model of public expenditure in the history of public finance. It suggests that during the process of economic development the share of public spending in national income tends to expand (Wagner, 1883). Nevertheless, Peacock and Scott in 2000 wrote a paper entitled “The curious attraction of Wagner's law,” explaining the reasons for why this (apparently) outworn theory is still studied by modern economists. On the other hand, Keynes (1936) considered public spending as an exogenous factor to be used as a policy instrument to influence growth. Moreover, Peacock and Wiseman (1961) presented the displacement effect, according to which during times of war tax rates are increased to generate more revenues, sustaining the increase in defense spending. While Peacock and Wiseman (1979) surveys the literature on public expenditure growth. This paper aims to analyze the relationship between public expenditure and aggregate income in European Union countries, for the period 1980-2013, using panel data methodologies. After a brief introduction, a survey of the economic literature on this issue is discussed. Then, panel data tests on stationarity, cross-dependence, cointegration, and causality are shown. Finally, some notes on policy implications conclude the paper.
Author: Alan T. Peacock
Publisher: Ashgate Publishing
ISBN: 9780751202564
Category : Business & Economics
Languages : en
Pages : 213
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Book Description
This work examines public expenditure, explaining the size and the structure of the system of public finance. Suitable for use as a course text, it can function as a point of departure for empirical and analytical studies on the behaviour of governments.
Author: M. Herenkson
Publisher:
ISBN:
Category :
Languages : it
Pages : 19
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Book Description
Author: Mr.Paolo Mauro
Publisher: International Monetary Fund
ISBN: 1616358777
Category : Business & Economics
Languages : en
Pages : 53
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Book Description
We draw on a newly collected historical dataset of fiscal variables for a large panel of countries—to our knowledge, the most comprehensive database currently available—to gauge the degree of fiscal prudence or profligacy for each country over the past several decades. Specifically, our dataset consists of fiscal revenues, primary expenditures, the interest bill (and thus both the primary and the overall fiscal deficit), the government debt, and gross domestic product, for 55 countries for up to two hundred years. For the first time, a large cross country historical data set covers both fiscal stocks and flows. Using Bohn’s (1998) approach and other tests for fiscal sustainability, we document how the degree of prudence or profligacy varies significantly over time within individual countries. We find that such variation is driven in part by unexpected changes in potential economic growth and sovereign borrowing costs.
Author: James M. Poterba
Publisher: University of Chicago Press
ISBN: 0226676307
Category : Political Science
Languages : en
Pages : 402
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Book Description
The unprecedented rise and persistence of large-scale budget deficits in many developed and developing nations during the past three decades has caused great concern. The widespread presence of such deficits has proved difficult to explain. Their emergence in otherwise diverse nations defies particularistic explanations aimed at internal economic developments within a specific country. Fiscal Institutions and Fiscal Performance shifts emphasis away from narrow economic factors to more broadly defined political and institutional factors that affect government policy and national debt. This collection brings together new theoretical models, empirical evidence, and a series of in-depth case studies to analyze the effect of political institutions, fiscal regulations, and policy decisions on accumulating deficits. It provides a fascinating overview of the political and economic issues involved and highlights the role of budgetary institutions in the formation of budget deficits.
Author: John A. Vasquez
Publisher: Lexington Books
ISBN: 9780739100721
Category : History
Languages : en
Pages : 518
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Book Description
This widely used and acclaimed text reader brings together some of the best work on the onset of war, the expansion of war, the conditions of peace, and the termination and impact of war. Editorial commentary on the major findings and the statistical analysis used in each study teaches students how to read the article so that they can become literate in social science methods. A learning package in the appendix provides a programmed text to teach students how to interpret tables, read basic statistics, and conduct elementary data analysis. Correlates of War data on European countries is provided, and a methodological table of contents allows instructors to assign articles from the easiest (simple percentages) to the most advanced (time series and formal modeling).
Author: Jürgen Backhaus
Publisher: Springer
ISBN: 3319789937
Category : Business & Economics
Languages : en
Pages : 191
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Book Description
This book discusses the work of German economists Gustav von Schmoller and Adolph Wagner, its influence on the tradition of German and Austrian economic and social thought, and its implications for the discipline today. Schmoller and Wagner integrated philosophical, historical, sociological and political approaches into the science of economics, focusing specifically on economic development. Schmoller, who is considered the head of the second generation of the German Historical School, argued that general propositions of economic theory had to be based on historical-empirical studies. In contrast, Wagner was a systematologist who preferred to start his investigations into economic problems from abstract principles. Schmoller and Wagner share, however, a common focus on institutions and the role of the state; Wagner favored state policy initiatives, while Schmoller was concerned with the risks of state policy failure. One hundred years after their deaths, the contributions to this book look into their approach, trace the influence of their ideas, and explore the relevance of their thought in a global economy. This book will be useful for students and scholars interested in socio-economics, the history of economic thought, economic policy, and political science.
Author: Ayelet Waldman
Publisher: Anchor
ISBN: 0385533551
Category : Fiction
Languages : en
Pages : 446
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Book Description
A spellbinding new novel of contraband masterpieces, tragic love, and the unexpected legacies of forgotten crimes, Ayelet Waldman’s Love and Treasure weaves a tale around the fascinating, true history of the Hungarian Gold Train in the Second World War. In 1945 on the outskirts of Salzburg, victorious American soldiers capture a train filled with unspeakable riches: piles of fine gold watches; mountains of fur coats; crates filled with wedding rings, silver picture frames, family heirlooms, and Shabbat candlesticks passed down through generations. Jack Wiseman, a tough, smart New York Jew, is the lieutenant charged with guarding this treasure—a responsibility that grows more complicated when he meets Ilona, a fierce, beautiful Hungarian who has lost everything in the ravages of the Holocaust. Seventy years later, amid the shadowy world of art dealers who profit off the sins of previous generations, Jack gives a necklace to his granddaughter, Natalie Stein, and charges her with searching for an unknown woman—a woman whose portrait and fate come to haunt Natalie, a woman whose secret may help Natalie to understand the guilt her grandfather will take to his grave and to find a way out of the mess she has made of her own life. A story of brilliantly drawn characters—a suave and shady art historian, a delusive and infatuated Freudian, a family of singing circus dwarfs fallen into the clutches of Josef Mengele, and desperate lovers facing choices that will tear them apart—Love and Treasure is Ayelet Waldman’s finest novel to date: a sad, funny, richly detailed work that poses hard questions about the value of precious things in a time when life itself has no value, and about the slenderest of chains that can bind us to the griefs and passions of the past. This eBook edition includes a Reading Group Guide.
