Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29834 
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dc.contributor.authorFeld, Lars P.en
dc.contributor.authorKirchgässner, Gebharden
dc.date.accessioned2006-01-27-
dc.date.accessioned2010-02-12T14:09:00Z-
dc.date.available2010-02-12T14:09:00Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/29834-
dc.description.abstractHow a sustainable fiscal policy can be performed in a federal system is not only a Swiss problem but is also discussed in other federal countries like Germany and Austria, and in the European Union. Contrary to most other countries, the Swiss fiscal system is characterised by an extensive fiscal federalism with high fiscal autonomy at all governmental levels, by direct popular rights which include fiscal referenda at the cantonal and local levels, and by particular constitutional and/or statutory fiscal restraints in order to prevent excessive public debt. In this paper, the effects of these constitutional clauses on public finances are investigated. Using a panel of the 26 Swiss cantons from 1980 to 1998, we provide evidence that direct democracy leads to significantly lower expenditure and revenue. The fiscal constraint, on the other hand, significantly reduces budget deficits. Total, cantonal as well as local expenditure and revenue are the lower the higher the share of local expenditure.en
dc.language.isoengen
dc.publisher|aPhilipps-Universität Marburg, Fachbereich Wirtschaftswissenschaften |cMarburgen
dc.relation.ispartofseries|aMarburger Volkswirtschaftliche Beiträge |x2004,24en
dc.subject.jelD78en
dc.subject.ddc330en
dc.subject.keywordDirect Democracyen
dc.subject.keywordReferendaen
dc.subject.keywordInitiativesen
dc.subject.stwFinanzpolitiken
dc.subject.stwFinanzföderalismusen
dc.subject.stwDemokratieen
dc.subject.stwÖffentliche Ausgabenen
dc.subject.stwSchweizen
dc.titleSustainable fiscal policy in a federal system: Switzerland as an example-
dc.typeWorking Paperen
dc.identifier.ppn506451534en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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