Budget processes
Анотація
This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. Ferejohn and Krehbiel [Ferejohn, J., Krehbiel, K., 1987. The budget process and the size of the budget, Amer. J. Polit. Sci. 31, 296–320] showed theoretically that this need not be the case. We test experimentally the theoretical predictions of their work. The evidence from these experiments lends strong support to their theory, both at the aggregate and the individual subject level.
Класифікація
Ідентифікатори
Рецензії (0)
Написати рецензіюРецензій ще немає. Будьте першим!
Схожі роботи
The Fiscal Capitalization of Public Spending: Does Municipal Operating and Capital Spending Increase Property Values?
Схоже за: Fiscal Policies and Political Economy · Housing Market and Economics
Assessment of the State of Ukraine’s National Debt and Directions of its Optimizatio
Схоже за: Fiscal Policies and Political Economy
Government Debt of Ukraine: Tendencies and Consequences
Схоже за: Fiscal Policies and Political Economy
Default risk and fiscal sustainability in PIIGS countries
Схоже за: Fiscal Policies and Political Economy
Restructuring of external public debt in 2015 and its consequences for the fiscal space in Ukraine
Схоже за: Fiscal Policies and Political Economy
ROLE OF THE EXCHANGE RATE IN INFLATION PROCESSES DYNAMICS: UKRAINIAN SPECIFICS AND DETERMINATION OF THE RELATIONSHIP
Схоже за: Fiscal Policies and Political Economy