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Author: Eckhard Scharmer
Publisher: GRIN Verlag
ISBN: 3638210936
Category : Business & Economics
Languages : en
Pages : 11
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Book Description
Seminar paper from the year 2002 in the subject Economics - Finance, grade: 1,7 (A-), Stellenbosch Universitiy (Economics), course: Public Finance, 18 entries in the bibliography, language: English, abstract: Explaining the phenomenon of the growth of government expenditure has always been a wide field in the science of Public Finance. The aim of those theories is not only to explain government growth but also to find solutions in order to distribute public expenses more efficiently and to derive the “optimal” size of the government, finally. Before using these models and theories as a tool and vehicle one has to ask whether those theories are applicable in reality at all, because each theory has shortcomings and deficits which might lead to incorrect results and wrong decisions. The purpose of this paper is to reveal and discuss the most important criticism and to show that there does not exist a perfect theory which might explain government growth.
Author: Eckhard Scharmer
Publisher: GRIN Verlag
ISBN: 3638210936
Category : Business & Economics
Languages : en
Pages : 11
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Book Description
Seminar paper from the year 2002 in the subject Economics - Finance, grade: 1,7 (A-), Stellenbosch Universitiy (Economics), course: Public Finance, 18 entries in the bibliography, language: English, abstract: Explaining the phenomenon of the growth of government expenditure has always been a wide field in the science of Public Finance. The aim of those theories is not only to explain government growth but also to find solutions in order to distribute public expenses more efficiently and to derive the “optimal” size of the government, finally. Before using these models and theories as a tool and vehicle one has to ask whether those theories are applicable in reality at all, because each theory has shortcomings and deficits which might lead to incorrect results and wrong decisions. The purpose of this paper is to reveal and discuss the most important criticism and to show that there does not exist a perfect theory which might explain government growth.
Author: Marc Dominick
Publisher: GRIN Verlag
ISBN: 3638423573
Category : Business & Economics
Languages : en
Pages : 12
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Book Description
Seminar paper from the year 2002 in the subject Economics - Macro-economics, general, grade: 1,3, Stellenbosch Universitiy (Department of Economics), course: Public Finance, Honours 2002, 18 entries in the bibliography, language: English, abstract: Since 1870 the growth in government spending has been a general trend in nearly all industrialised countries (Tanzi & Schuknecht 2000: 3). As this growth is not always welcomed and justified in terms of welfare and efficiency considerations economists deve loped a series of different theories seeking to explain this phenomenon. The objective of this paper is to give an appraisal of four theories of government expend iture growth and to provide an overview of the implications that are part of it.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451922841
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
This paper reviews the extensive empirical literature on the growth and determinants of government expenditure. Although the coverage does not aim to be exhaustive, the authors provide an overview of the quantitative approaches to analyzing the growth in government expenditure. The main debates in the literature are described, and the authors present a few tests of some theories and describe one or two of their own experiments in others. The paper highlights the data problems and the technical difficulties of hypothesis testing and model estimation in this area, many arising from the nature of the problem studied. It is contended that the quantitative analysis of government expenditure growth has often improved the formulation of hypotheses, but that data and theoretical limitations have meant that the methods employed have not always been justified.
Author: Norman Gemmell
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
This important new book offers fresh insights into the growth of the public sector in advanced and developing economies. The economic causes and consequences of changes in the size of the public sector (especially changes in public expenditure) have fascinated economists from the time of Adam Smith. From the early 1960s, interest has focused particularly on changes in the share of national income devoted to public expenditure. This has exhibited a long-run upward trend since 1945 in almost all OECD countries. Substantial fluctuations over shorter periods have also been observed. Understanding the processes underlying these phenomena is of clear importance for public policy makers, and economists have developed numerous theories attempting to explain them. The major questions of interest are: what 'forces' have been causing the share of public expenditure in GDP to rise over the longer term? Are these forces susceptible to policy? Is the public sector taking an increasing share of 'real' resources? Can government attempts in major OECD countries to control or reduce the size of the public sector in the 1980s and 1990s be sustained? What consequences follow from their success or failure? The Growth of the Public Sector focuses on this important issue and assesses the contribution to current knowledge of different theories including public choice, bureaucracy models, relative price effects and Wagner's Law. It also contains a number of new case studies focusing on specific government activities such as education, health and social security.
Author: ALAN. PEACOCK
Publisher: Routledge
ISBN: 9781032822013
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Originally published in 1961, this book became widely used as a textbook, as an important source of primary data on British government expenditure statistics and as the point of departure for further empirical and analytical studies of the behaviour of governments. The book was recognised as one of the formative influences in the development of a positive theory of government expenditure which sought to explain the size and structure of the system of public finance rather than justify it.
Author: Magnus Henrekson
Publisher:
ISBN: 9781856283212
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
The purpose of this study is to explain the expansion of government in Sweden, going as far back as data availability permits (1861). It applies modern time-series econometrics to the explanation of the oldest and most frequently cited explanation to the growth of government, namely, Wagner's Law. It also develops a new disequilibrium framework in order to identify whether supply or demand factors are most important in explaining government growth. Part 1 consists of a test of two classical theories of government growth: Wagner's Law and the displacement effect hypothesis and part 2 attempts to identify the most important factors behind the growth of government in Sweden since 1950. The author also identifies a number of variables potentially important to the explanation of the growth of government. Each variable is classified to pertain either to the supply or demand side.
Author: Richard K. Vedder
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 20
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Book Description
Author: Richard H. Fink
Publisher: Frederick, Md. : Aletheia Books
ISBN:
Category : Economic policy
Languages : en
Pages : 520
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Book Description
"Aletheia books" Includes bibliographical references.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1557755418
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
Public expenditure policy, together with efforts to raise revenue,is at the core of efficient and equitable adjustment. Public expenditureproductivity has critical implications for fiscal adjustment, particularly as the competition for limited public resources intensifies.By providing a framework for defining and analyzing public expenditureproductivity and unproductive expenditures, this pamphlet discusseshow economic policymakers may approach these issues.
Author: Ludger Schuknecht
Publisher: Cambridge University Press
ISBN: 1108496237
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
Up-to-date, holistic and comprehensive discussion of public expenditure, its history, value for money, risks and remedies.
