A law issued to combat political corruption and ma.a in.ltration of city councils in Italy has resulted in episodes of large, unanticipated, temporary contractions in local public spending. Using these episodes as instruments, we estimate the output multiplier of spending cuts at provincial level – controlling for national monetary and .scal policy, and holding the tax burden of local residents...

The Nation spent $163 billion for health care in fiscal year 1977 or $737 per person, according to preliminary figures compiled by the Health Care Financing Administration. This figure was 12 percent higher than spending for such purposes in the previous 12 months and represented an 8.8-percent share of the GNP. Public spending, which financed 42 percent of all health care in 1977, increased 11...

This report presents the latest estimates of Hong Kong domestic health spending for financial years 1989/90 to 2008/09, cross-stratified and categorised by financing source, provider and function. Total expenditure on health (TEH) was HK$84,391 million in financial year 2008/09, which represents an increase of HK$5030 million or 6.3% over the preceding year. Amid the financial tsunami in late 2...

The paper studies the interaction between public and private spending in a two-stage education framework (K-12 and tertiary education) and their e¤ects on economic growth. We …nd that an increase in the overall educational public spending crowds out the total level of private contributions and increases the share of resources that households devote to K-12 education. For a given public budget, ...

Recent studies consider public R&D spending that affects abatement knowledge and endogenous growth, distortionary taxes that affect physical and human capital formation, pollution taxes that affect environmental degradation, and regeneration that restores natural capital. Our model combines all of those elements. We show how the combination affects results from each prior model, focusing on two...

The public economic burden of shifting trends in population health remains uncertain. Sustained increases in obesity, diabetes, and other diseases could reduce life expectancy ─ with a concomitant decrease in the public-sector’s annuity burden ─ but these savings may be offset by worsening functional status, which increases health care spending, reduces labor supply, and increases public assist...

Understanding the Economic Consequences of Shifting Trends in Population Health The public economic burden of shifting trends in population health remains uncertain. Sustained increases in obesity, diabetes, and other diseases could reduce life expectancy − with a concomitant decrease in the public-sector’s annuity burden − but these savings may be offset by worsening functional status, which i...