Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24505
Authors: 
Hauptmeier, Sebastian
Heipertz, Martin
Schuknecht, Ludger
Year of Publication: 
2006
Series/Report no.: 
ZEW Discussion Papers 06-50
Abstract: 
This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case studies of ambitious reform episodes. We find that ambitious reform countries reduce spending on transfers, subsidies and public consumption while largely sparing education spending. Such expenditure retrenchment is also typically part of a comprehensive reform package that includes improvements in fiscal institutions as well as structural and other macroeconomic reforms. The study finds that ambitious expenditure retrenchment and reform coincides with large improvements in fiscal and economic growth indicators.
Subjects: 
public expenditure
expenditure reform
economic growth
deficit
debt
employment
case studies
fiscal institutions
JEL: 
O57
H6
H5
Document Type: 
Working Paper

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