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Is there any race to the top of productive government expenditures? Evidence from OECD countries. European Political Economy Review Vol. 3, No. 2 (Winter 2005-2006), pp. 29-52

Sanz, Ismael. (2006) Is there any race to the top of productive government expenditures? Evidence from OECD countries. European Political Economy Review Vol. 3, No. 2 (Winter 2005-2006), pp. 29-52. [Policy Paper]

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    Abstract

    This paper evaluates whether there has been any convergence in government expenditures. The results obtained, by means of the Turkey box-plot, s-convergence and conditional β-convergence, reveal that there is a growing fiscal interdependence among OECD countries. I argue that there is strong evidence of a “race to the top” of government productive expenditures among OECD countries during the period 1970-1997. The econometric analysis shows that aggregate OECD productive expenditures have pressured countries to increase their own levels of productive expenditures, which might be indicating a competition to attract FDI. In contrast, there is no evidence of convergence in non-productive government expenditures.

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    Item Type: Policy Paper
    Uncontrolled Keywords: Composition of government expenditure; convergence.
    Subjects for non-EU documents: Other international institutions > OECD
    EU policies and themes > Policies & related activities > economic and financial affairs > general
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Journals > European Political Economy Review
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 17 Jun 2008
    Page Range: p. 24
    Last Modified: 15 Feb 2011 17:53
    URI: http://aei.pitt.edu/id/eprint/8374

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