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Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen >
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http://hdl.handle.net/10419/23299
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| Title: | | Budget deficit, size of the public sector and majority voting  |
| Authors: | | Siebel, Jens |
| Issue Date: | | 2005 |
| Series/Report no.: | | Volkswirtschaftliche Diskussionsbeiträge / Universität-Gesamthochschule-Siegen, Fachbereich Wirtschaftswissenschaften 120 |
| Abstract: | | In this paper Tabellini's and Alesina's (1990) median voter model for the explanation of budget deficits is modified by endogenizing the private sector. Debt finance is supplemented by taxing a private consumption which serves as an additional source of revenue for funding the public sector. The introduction of the private sector enables us to explain the budget balance as a result of political polarization with a left-wing party and a right-wing party having different preferences for the size of the public sector. |
| JEL: | | H61 H62 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen
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