The relationship between globalization and public spending: Empirical evidence from the Nordic countries.
(2010)Department of Economics
- Abstract
- ABSTRACT The threat of globalization to public spending as well as a fiscal debate of the disciplining hypothesis and compensation hypothesis on large sample of countries, have been widely analyzed in the public finance literature. Yet the welfare states in Nordic countries with largest share of public expenditures have never been singled out for similar studies. This study employs a much more detailed government classification of public expenditures (COFOG), to investigate the impact of globalization on the composition of expenditures in Nordic countries from 1990-2007. Several measures of globalization are shown to affect some of the expenditures categories but not in a notable way. Further aggregating the expenditure categories into... (More)
- ABSTRACT The threat of globalization to public spending as well as a fiscal debate of the disciplining hypothesis and compensation hypothesis on large sample of countries, have been widely analyzed in the public finance literature. Yet the welfare states in Nordic countries with largest share of public expenditures have never been singled out for similar studies. This study employs a much more detailed government classification of public expenditures (COFOG), to investigate the impact of globalization on the composition of expenditures in Nordic countries from 1990-2007. Several measures of globalization are shown to affect some of the expenditures categories but not in a notable way. Further aggregating the expenditure categories into productive and unproductive expenditures, in order to find out whether it is the efficiency or compensation hypothesis that prevails in the Nordic countries. This study finds a slight support for the efficiency hypothesis over the compensation view. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1848601
- author
- Saahdong, Choifor
- supervisor
- organization
- year
- 2010
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- efficiency, compensation, public spending, ''Globalization, nordic countries'', Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
- language
- English
- id
- 1848601
- date added to LUP
- 2010-02-15 00:00:00
- date last changed
- 2011-06-01 12:43:58
@misc{1848601,
abstract = {{ABSTRACT The threat of globalization to public spending as well as a fiscal debate of the disciplining hypothesis and compensation hypothesis on large sample of countries, have been widely analyzed in the public finance literature. Yet the welfare states in Nordic countries with largest share of public expenditures have never been singled out for similar studies. This study employs a much more detailed government classification of public expenditures (COFOG), to investigate the impact of globalization on the composition of expenditures in Nordic countries from 1990-2007. Several measures of globalization are shown to affect some of the expenditures categories but not in a notable way. Further aggregating the expenditure categories into productive and unproductive expenditures, in order to find out whether it is the efficiency or compensation hypothesis that prevails in the Nordic countries. This study finds a slight support for the efficiency hypothesis over the compensation view.}},
author = {{Saahdong, Choifor}},
language = {{eng}},
note = {{Student Paper}},
title = {{The relationship between globalization and public spending: Empirical evidence from the Nordic countries.}},
year = {{2010}},
}