Dreher, Axel; Sturm, Jan-Egbert; Ursprung, Heinrich W. - 2006
. As a consequence, governments shift their expenditures in favour of transfers and subsidies and away from capital … expenditures. This expenditure shift is potentially enhanced by citizens’ preferences to be compensated for the risks of … globalization has indeed influenced the composition of government expenditures. For a sample of 108 countries, we examine the …