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http://hdl.handle.net/10419/22138
  

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dc.contributor.authorJochimsen, Beateen_US
dc.contributor.authorNuscheler, Roberten_US
dc.coverage.temporal1960-2000en_US
dc.date.accessioned2009-01-29T14:52:31Z-
dc.date.available2009-01-29T14:52:31Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/22138-
dc.description.abstractWe analyze the deficits of the German Länder for the period from 1960 to 2000 and test a number of hypotheses derived from the literature on the political economy of public expenditures and public deficits. Estimating a dynamic panel data model, we find evidence for political opportunism of the Rogoff/Sibert-type. German voters seem to favor fiscal discipline as debt issue is significantly lower in pre-election years. There is no evidence for partisan behavior. Party ideology thus plays a negligible role. As suggested by the theory, coalition governments issue more debt. This effect is, however, not statistically significant. If the probability of reelection is small, the incumbent government may find it beneficial to issue more debt. We consider four different approximations of the reelection probability but find evidence for none of them.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesDiskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2005/6en_US
dc.subject.jelE60en_US
dc.subject.jelD72en_US
dc.subject.jelH62en_US
dc.subject.ddc330en_US
dc.subject.keywordPublic Debten_US
dc.subject.keywordPolitical Economyen_US
dc.subject.keywordGerman Länderen_US
dc.subject.keywordDynamic Panel Data Modelen_US
dc.subject.stwLänderhaushalten_US
dc.subject.stwHaushaltsdefiziten_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwDeutschlanden_US
dc.titleThe Political Economy of the German Länder Deficitsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn495205575en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:fubsbe:20056-
Appears in Collections:Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin

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