A Noteon the Public Choice Approach to the Growth in Government Expenditure

Nopic
The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries. It is discovered: (a) that deficit financing does appear to contribute to increased real government spending; (b) that the demand for government services as a whole does not appear to be income elastic; (c) that there is some... READ MORE...

Publication date: October 1988
ISBN 9781451951035
$10.00

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Publication date: October 1988

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