Abstract

http://ssrn.com/abstract=1002873
 
 

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What Determines Fiscal Policy? Evidence from German States


Helge Berger


Free University Berlin - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Anika Holler


Free University of Berlin (FUB) - Division of Economics

July 2007

CESifo Working Paper No. 2062

Abstract:     
This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and, to a smaller degree, state-specific economic developments are important determinants of state fiscal performance. In comparison, the influence of political factors is limited both in statistical and quantitative terms. Finally, there is evidence that addressing governance problems and ensuring flexibility in terms of fiscal strategy are important ingredients for any policy aimed at improving fiscal outcomes at the state level.

Number of Pages in PDF File: 64

Keywords: German Länder, fiscal policy, public spending, public debt, extreme bounds analysis, governance

JEL Classification: D72, E62, H62, H63

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Date posted: July 25, 2007  

Suggested Citation

Berger, Helge and Holler, Anika, What Determines Fiscal Policy? Evidence from German States (July 2007). CESifo Working Paper No. 2062. Available at SSRN: http://ssrn.com/abstract=1002873

Contact Information

Helge Berger
Free University Berlin - Department of Economics ( email )
Boltzmannstr. 20
Berlin 14195, 14195
Germany
+49 30 838-54037 (Phone)
+49 30 838-52782 (Fax)
HOME PAGE: http://www.wiwiss.fu-berlin.de/berger/eng_index.htm
CESifo (Center for Economic Studies and Ifo Institute for Economic Research) ( email )
Poschinger Str. 5
Munich, DE-81679
Germany
+49 89 9224 1266 (Phone)
+49 89 9224 1409 (Fax)
HOME PAGE: http://www.CESifo.de
Anika Holler (Contact Author)
Free University of Berlin (FUB) - Division of Economics ( email )
Department of Economics
Boltzmannstr. 20
Berlin, 14195
Germany
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