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| Author: | Haan, J. de Egbert Sturm, J. Sikken, B. J. |
| Title: | Government capital formation: explaining the decline |
| Journal: | Weltwirtschaftliches Archiv
1996 : VOL. 132:1, p. 55-74 |
| Index terms: | GOVERNMENT CAPITAL ECONOMICS |
| Language: | eng |
| Abstract: | During the 1980s, a clear break in the rate of change of government outlays relative to GDP occurred. Whereas on average the outlay ratio rose steadily during the 1970s by around one percentage point a year, after 1982 it stabilized for a few years before declining slightly in most countries (Saunders 1993). This reversal in the growth of government spending took place at various moments but by the end of the decade outlays had fallen below their peak in most OECD countries. Exceptions include Greece, Spain and Italy where the public sector was further expanded during the whole decade. |
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