Intertemporal Excess Burden, Bequest Motives, and the Budget Deficit

The author aims to empirically determine the significant factors that affect the levels of budget deficits of central governments across time and across countries. He empirically tests two prominent theories of budget deficits-the Barro (1979) tax-...

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Bibliographic Details
Main Author:	Chen, Derek Hung Chiat
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING BALANCED BUDGETS BUDGET CONSTRAINT BUDGET DEFICIT BUDGET DEFICIT REDUCTION BUDGET DEFICITS BUDGET SURPLUS CAPACITY BUILDING CENTRAL GOVERNMENT CENTRAL GOVERNMENT BUDGETS CENTRAL GOVERNMENTS CITIZENS CLOSED ECONOMY CONSTANT RETURNS TO SCALE DEBT FINANCING DISTRIBUTION OF INCOME DISTRIBUTION OF WEALTH ECONOMIC BOOM ECONOMIC GROWTH ECONOMIC THEORY EXOGENOUS VARIABLES FEDERAL GOVERNMENT FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL ILLUSION FISCAL POLICY FISCAL YEAR GDP GINI COEFFICIENT GNP GOVERNMENT BONDS GOVERNMENT BUDGET GOVERNMENT BUDGET DEFICIT GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT SPENDING GROWTH RATE INCOME INCOME DISTRIBUTION INFLATION INFLATION RATE INSTITUTIONAL ARRANGEMENTS INTEREST RATE INTEREST RATES LEVELS OF GOVERNMENT LOCAL GOVERNMENT MACROECONOMIC CONDITIONS MAJORITY RULE MONEY INCOME NATIONAL GOVERNMENTS OPEN ECONOMIES OPTIMIZATION OVERLAPPING GENERATIONS MODEL POLITICAL ECONOMY PRESENT VALUE PRODUCTION FUNCTION PRODUCTIVITY PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCE THEORY PUBLIC GOODS PUBLIC SECTOR RANDOM WALK REDISTRIBUTIVE EFFECTS REGRESSION ANALYSES RETIREMENT RETURN ON ASSETS SAVINGS SIZE OF GOVERNMENT SOCIAL SECURITY TAX TAX ADMINISTRATION TAX AUTHORITIES TAX BURDEN TAX COLLECTION TAX COLLECTIONS TAX RATE TAX RATES TAX REVENUE TAX REVENUES TAXATION TIME SERIES VOTERS WAGE RATES WAGES WEALTH BUDGET DEFICITS INTERTEMPORAL LAW (INTERNATIONAL LAW) CROSS-COUNTRY EXPERIENCE TAX SYSTEMS TAX SUBSIDIES ECONOMETRIC MODELS MISSING OBSERVATIONS (STATISTICS) DATA ANALYSIS POVERTY REDUCTION WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2003/06/2427516/intertemporal-excess-burden-bequest-motives-budget-deficit http://hdl.handle.net/10986/18179

Internet

http://documents.worldbank.org/curated/en/2003/06/2427516/intertemporal-excess-burden-bequest-motives-budget-deficit
http://hdl.handle.net/10986/18179

Intertemporal Excess Burden, Bequest Motives, and the Budget Deficit

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