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• W1593186056 abstract "Although Peacock and Wiseman's effect is frequently cited as an explanation of increases in government spending over time, the theory has so far been inadequately tested. In this paper four versions of the hypothesis are identified, and earlier empirical tests are reviewed and found efficient. A new test focusing in the time-series behavior of government spending is developed and tested on data for Sweden and the U.K. The test examines upward displacement after World War II, the only social upheaval which, du to data limitations, allows for a test of displacement. Strong evidence against the hypothesis is found." @default.
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• W1593186056 date "1990-01-12" @default.
• W1593186056 modified "2023-09-26" @default.
• W1593186056 title "Peacock and Wiseman's Displacement Effect: A Reappraisal and a New Test" @default.
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