Advanced Search
MyIDEAS: Login to save this paper or follow this series

Politics and Deficit Finance

Contents:

Author Info

  • Holcombe, R.G.
  • Mills, J.A.

Abstract

The government faces both economic and political constraints on its ability to raise revenue. Political factors can limit the government's revenue-generating ability to levels below those dictated by economic constraints. Taxation is more directly constrained by the political process than deficit finance because taxes are voted on directly by the legislature. Deficits are a residual that results from the aggregation of all tax and expenditure bills. Increased electoral safety weakens the political constraint against deficit finance because the only electoral check on deficit finance occurs when representatives run for reelection. Empirical estimates show that the increased security of incumbents has contributed to increases in deficit finance and has increased the overall level of public expenditures.

(This abstract was borrowed from another version of this item.)

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Paper provided by Department of Economics, Florida State University in its series Working Papers with number 1992_03_1.

as in new window
Length: 18 pages
Date of creation: 1992
Date of revision:
Handle: RePEc:fsu:wpaper:1992_03_1

Contact details of provider:
Postal: 246 Bellamy Building, Tallahassee, Florida 32306-2180
Phone: 850-644-5001
Fax: 644-4535
Web page: http://www.coss.fsu.edu/economics/
More information through EDIRC

Order Information:
Email:

Related research

Keywords: political economy ; tax policy;

Other versions of this item:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Randall Holcombe, 2005. "Government growth in the twenty-first century," Public Choice, Springer, vol. 124(1), pages 95-114, July.
  2. Thomas A. Garrett & Russell M. Rhine, 2008. "Institutions and government growth: a comparison of the 1890s and the 1930s," Working Papers 2008-020, Federal Reserve Bank of St. Louis.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:fsu:wpaper:1992_03_1. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dmitry Ryvkin).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.