Abstract
ABSTRACTThis study examines the dynamics of the displacement effect. Using government expenditure data from 1972 to 2006, this study finds evidence of the displacement effect in government expenditures immediately following German reunification, along with changes in both the composition of government expenditures and funding allocation authority between local and federal governments. These findings suggest that social disturbances play a significant role in determining the functional composition of government spending and have the potential to reverse the trend of fiscal decentralization.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.