The economics and empirics of the allocation of public consumption expenditures
AbstractThe paper investigates the allocation of public consumption expenditures in the UK. After reviewing the empirical literature on the demand for public services, which is based on applied consumer analysis, it discusses the budgetary making process in the UK. It proceeds by estimating a system of demand equations for general government consumption expenditures in the UK during the period 1963-96. In addition to estimating the effects of relative prices, total expenditure and demographic variables, it finds that the constraints of homogeneity and symmetry cannot be rejected.
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Bibliographic InfoPaper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2006-02.
Date of creation: 01 Feb 2006
Date of revision:
Allocation of public consumption expenditure; Consumer demand systems; UK General Government consumption expenditure.;
Find related papers by JEL classification:
- H0 - Public Economics - - General
- H5 - Public Economics - - National Government Expenditures and Related Policies
- H4 - Public Economics - - Publicly Provided Goods
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-03-11 (All new papers)
- NEP-MAC-2006-03-11 (Macroeconomics)
- NEP-MKT-2006-03-11 (Marketing)
- NEP-PBE-2006-03-11 (Public Economics)
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