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- W2485346144 abstract "The study of public finances through the lens of political science and public administration is becoming a political science topic. It is much more commonly a sub-field of economics, where the lines of inquiry focus on other issues: the size of the public sector and its implications, the relationship between public sector spending and growth, the relationship between different types of taxation and growth, among others (Rosen 2005, Stiglitz 2000). A perennial concern of public sector economists is how governments can determine fiscal policy in a way that optimizes growth in the long run, which is a function of low deficits and public spending directed towards sectors that produce the best returns over time. The composition of public spending and the size of the public sector and deficits vary a lot over time and between countries. The role of the executive as an actor does not feature in this literature; the state itself is very much a black box with ill-defined agency. The only economic investigations into the relation between governments and public finances have grown out of the more recent interest in the economics of institutions and political economy. A growing body of literature is studying how different formal institutions, such as fiscal rules or powers of the finance minister, affect fiscal policy outcomes (Von Hagen 2008)." @default.
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- W2485346144 date "2012-01-01" @default.
- W2485346144 modified "2023-10-16" @default.
- W2485346144 title "Executive Politics and the Governance of Public Finance" @default.
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- W2485346144 doi "https://doi.org/10.1057/9781137010261_8" @default.
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