After Keynes: Real Growth and (In-)Stability
In: The Macrodynamics of Capitalism, S. 55-105
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In: The Macrodynamics of Capitalism, S. 55-105
In: Jane's defence weekly: JDW, Band 5, Heft 20, S. 920
ISSN: 0265-3818
World Affairs Online
In: Journal of post-Keynesian economics, Band 15, Heft 1, S. 43-49
ISSN: 1557-7821
In: Journal of post-Keynesian economics, Band 15, Heft 1, S. 31-41
ISSN: 1557-7821
In: The journal of developing areas, Band 38, Heft 2, S. 229-236
ISSN: 0022-037X
In: Journal of post-Keynesian economics, Band 11, Heft 1, S. 148-160
ISSN: 1557-7821
In: The South African journal of economic history: journal of the Economic History Society of Southern Africa, Band 5, Heft 2, S. 40-60
ISSN: 2159-0850
In: Deutsche Bundesbank Discussion Paper No. 05/2020
SSRN
Working paper
In: Soviet studies, Band 36, Heft 4, S. 571-581
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 40, Heft 6, S. 1083-1103
ISSN: 0161-8938
In: American politics quarterly, Band 16, Heft 4, S. 405
ISSN: 0044-7803
In: American politics quarterly, Band 16, Heft 4, S. 405-424
ISSN: 1532-673X
In recent years there has emerged a substantial body of research pertaining to growth in the size of the public sector, which is often measured in terms of government spending as a proportion of total economic output in a given political system. Unfortunately, the work in this research program suffers from two major shortcomings: (1) inattention to patterns of government growth disaggregated to the subnational level, and (2) a failure to take into account the effects of different price deflators for the public and private sectors on the ratio of government spending to economic output. In this article I examine patterns of government growth in the 50 American states for the period from 1945 to 1984. Unlike most previous studies, I utilize different implicit price deflators for the public and private sectors in order to separate growth in the scope of government activity from deflator-based growth in the public sector. The results of this analysis suggest that, on average, almost one-half of the growth in state government over the time period under study can be attributed to the different inflation rates for the public and private sectors. Such a finding has significant theoretical and methodological implications for the study of government growth, particularly at the state level.
In: NBER working paper series 11946
In: Jane's defence weekly: JDW, Band 31, Heft 1, S. 6-7
ISSN: 0265-3818