Foreign investment, international trade and the size and structure of public expenditures
The 'compensation'and 'efficiency'hypotheses propose that globalization affects both the
total, and composition of, public expenditures in different ways. Under the former, economic
insecurity leads to expanding public sectors and social expenditures, whereas under the
efficiency hypothesis, demands for lower taxes encourage smaller public sectors, and
especially 'privately productive'spending. We test these hypotheses for a sample of OECD
countries from 1980–1997. Using both the inward stock of FDI and openness as measures …
total, and composition of, public expenditures in different ways. Under the former, economic
insecurity leads to expanding public sectors and social expenditures, whereas under the
efficiency hypothesis, demands for lower taxes encourage smaller public sectors, and
especially 'privately productive'spending. We test these hypotheses for a sample of OECD
countries from 1980–1997. Using both the inward stock of FDI and openness as measures …
以上显示的是最相近的搜索结果。 查看全部搜索结果