Suchergebnisse

In this Top Twenty Commentaries section of the Centennial Issues of the journal, David Cameron reviews his highly cited article The Expansion of the Public Economy: A Comparative Analysis(1978). The perplexing anomalies located in specific countries in the author's investigation of extractive capacity of the state led the author to incorporate a measure of openness to the previous work of Dahl, Tufte, Aukrust, Lindbeck, Lehmbruch, & Gilpin. The article's conclusion that trade openness was the most important source of expansion of the public economy indicated that earlier anomalies were only slightly increased or decreased. The author concludes that the accumulation of a large literature using pooled cross-sectional time-series analysis has indicated that increases in the extent of openness had a contractionary effect on total revenue & expenditure, & the large post 1970 trade deficits & deterioration in the balance of trade fulfilled the compensation hypothesis of a strong expansionary effect on expenditure & budget deficits. References. J. Harwell

As considerable as the challenges of enlargement for the EU are, they pale in comparison to the challenges of accession facing the new members. … Taken together, they will make it exceptionally difficult for most if not all of the governments of the new member states to govern effectively and maintain public support.