Article ID Journal Published Year Pages File Type
5067025 European Economic Review 2013 14 Pages PDF
Abstract
► A theory of public savings when government produces goods with capital and labor. ► Input complementarity makes capital a tool for incumbents to affect future policy. ► Complementarity determines how turnover affects the composition of public savings. ► Turnover is costly due to government production inefficiency, not low savings.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The political economy of fiscal deficits and government production
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