Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/192137 
Autor:innen: 
Erscheinungsjahr: 
1995
Schriftenreihe/Nr.: 
Discussion Papers No. 153
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
An extended community preference model including real and financial investments is estimated on accounting time-series data for the local public sector in Norway. The estimation results indicate considerable sluggishness in local public spending, both in current expenditure and investment spending. A positive shift in grants or taxes will in the short run lead to reductions in the net debt, due to the sluggish spending adjustment. But as spending adjustments take place, the effect on the net debt is reversed, so the long run effect is positive. The long run elasticities of factor demand and net debt with respect to exogeneous income constraints do not differ significantly from unity. The estimated price elasticities suggest that factor demand is close to neutral-elastic in the long run. Higher factor prices involve higher production costs, and local authorities are thus induced to increase user charges.
Schlagwörter: 
Local government
local public finance
public expenditure
investment
public debt.
JEL: 
C32
H72
H74
Dokumentart: 
Working Paper
Dokumentversion: 
Digitized Version

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