Jochimsen, Beate; Nuscheler, Robert - Abteilung "Marktprozesse und Steuerung", … - 2007
We analyze the deficits of the German Länder for the period from 1960 to 2005 and test a number of hypotheses derived from the literature on the political economy of public deficits. Estimating a dynamic panel data model, we find evidence for political opportunism in the spirit of Rogoff and...
