Explaining Fiscal Balances with a Simultaneous  Equation Model of Revenue and Expenditure: A Case Study of Swiss Cantons Using Panel Data

Empirical literature on the analysis of the efficiency of measures for reducing persistent government deficits has mainly focused on the direct explanation of deficit. By contrast, this paper aims at modeling government revenue and expenditure within a simultaneous framework and deriving the fiscal...

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Veröffentlicht in:	Public budgeting & finance 2010-07, Vol.30 (2), p.69-94
Hauptverfasser:	KRISHNAKUMAR, JAYA, MARTIN, MARC-JEAN, SOGUEL, NILS
Format:	Artikel
Sprache:	eng
Schlagworte:	Business Cycles Direct Democracy Efficiency Expenditures Fiscal policy Government spending Judges Panel Data Referendum Revenue Studies
Online-Zugang:	Volltext
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