IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v31y1999i5p577-584.html
   My bibliography  Save this article

Aggregate local public sector investment and shocks: Norway 1946 - 1990

Author

Listed:
  • Jorn Rattso

Abstract

Local public sector investment is determined in an environment of shifting economic conditions. Investments are investigated using an intertemporal decision model allowing for tests of forward looking behaviour and adjustments to expected and unexpected shocks. The econometric analysis of the aggregate local public sector over the period 1946-1990 indicates that local and county governments are forward looking and have small adjustment costs to investment. In a full investment demand model, only unexpected changes of gross domestic product and unemployment are shown to be important in the short run. The central government has arranged stable revenue growth of the local public sector, but greater volatility in macroeconomic conditions has led to fluctuations in local public investment.

Suggested Citation

  • Jorn Rattso, 1999. "Aggregate local public sector investment and shocks: Norway 1946 - 1990," Applied Economics, Taylor & Francis Journals, vol. 31(5), pages 577-584.
  • Handle: RePEc:taf:applec:v:31:y:1999:i:5:p:577-584
    DOI: 10.1080/000368499324020
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/000368499324020
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Luc Eyraud & Marialuz Moreno Badia, 2013. "Too Small to Fail? Subnational Spending Pressures in Europe," IMF Working Papers 13/46, International Monetary Fund.
    2. Jean-Michel Josselin & Fabio Padovano & Yvon Rocaboy, 2013. "Grant legislation vs. political factors as determinants of soft budget spending behaviors. Comparison between Italian and French regions," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 10(3), pages 317-354, December.
    3. Lars Håkonsen & Knut Løyland, 2016. "Local government allocation of cultural services," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 40(4), pages 487-528, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:31:y:1999:i:5:p:577-584. 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: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.