
Modelling the Composition of Government Expenditure
Edward Elgar Publishing
Published on 29. July 2011
Book
Hardback
256 pages
978-0-85793-673-8 (ISBN)
Description
The composition of government expenditure varies considerably across countries. The aim of this book is to explore the choice of expenditure using a range of modelling approaches.The models allow for different economic environments, involving the types of expenditure considered, the time period of analysis and the behavior of individuals. The composition of expenditure is examined using majority voting and public finance frameworks, where the latter involves maximization of a social welfare function involving a trade-off between equity and efficiency. Special attention is given to expenditure on transfer payments, public goods and education. Empirical analyses are also carried out, using data for a wide range of countries, where potential orders of magnitude of various components of the models are obtained. The models help in considering important factors and the inter-relationships involved. In particular, a synthesis is provided which allows special consideration of the role of basic inequality in influencing expenditure patterns.
The book will be of considerable value to students and researchers interested in public economics.
The book will be of considerable value to students and researchers interested in public economics.
Reviews / Votes
'. . . this book provides very useful groundwork for modelling the composition of government spending. Scholars with a desire to explore and explain the future of public finances will find this a helpful launching pad.' -- Cameron A. Shelton, Jahrbucher fur Nationalokonomie und StatistikMore details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
College/higher education
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-0-85793-673-8 (9780857936738)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
John Creedy, Wellington School of Business and Government, Victoria University of Wellington, New Zealand and Solmaz Moslehi, Monash University, Australia
Content
Contents: Part I: Introduction 1. Introduction 2. Alternative Choice Mechanisms Part II: Voting Models 3. Transfer Payments and Public Goods 4. The Role of Home Production 5. An Overlapping Generations Framework Part III: Optimal Choice 6. The Optimal Expenditure Composition 7. Education, Public Goods and Transfers 8. The Overlapping Generations Context Part IV: A General Equilibrium Model 9. A General Equilibrium OLG Model Bibliography Index