It is about the revenue, expenditure and debt operations of the government and the. Essays in political economy and public finance academic commons. Political economics and public finance sciencedirect. Political economics and public finance torsten persson, guido tabellini. Winer and hirofumi shibata there is a longstanding difference amongst public economists between those who think that collective choice must be formally acknowledged, and those who derive their policy recommendations from a social planning framework in which politics plays no role. Structure and coherence in the political economy of public finance by.
How can we explain this variation across time and countries. What is the role of alternative political constitutions and collective choice. Public economics program observed fiscal policy varies greatly across time and countries. In the postwar period, a splintering of approaches has taken place, suffi ciently so that it is meaningful to distinguish between the old public finance and the new, recognizing that new is not a synonym for better. Handbook of public economics vol 3, pages 11091784. In public finance and public management such evaluations are mainly based on the welfare theory and public choice literature mueller 2003, sobel 2004, which refer to an economic. This dissertation consists of three research articles in political economy and public finance. Political economics and public finance by guido tabellini. Three principles that public finance is based on are. The first chapter provides evidence on the effect of. The political economy of public finance edited by marc buggeln. Issues related to economic activities of the public sector. It is a study of income and expenditure of central.
Observed fiscal policy varies greatly across time and countries. Public finance and public policy a political economy perspective on the responsibilities and limitations of government. As a subject, public finance is a study of public sector economics. A large and rapidly growing literature in political economics attempts to answer these questions. We adopt a unified approach in portraying public policy as the equilibrium outcome of an explicitly specified political process. Political economics and public finance association of swedish. It notes the relative lack of attention to political economy issues in public finance, at least in comparison with other policyoriented subfields in economics.