Budget referendums and government spending: evidence from Swiss cantons
成果类型：
Article
署名作者：
Feld, LP; Matsusaka, JG
署名单位：
University of Southern California; Philipps University Marburg; University of St Gallen
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/S0047-2727(02)00140-8
发表日期：
2003
页码：
2703-2724
关键词：
摘要：
in many Swiss cantons, new government programs must be approved by a referendum of citizens before money can be spent. Referendums seem like a natural way to address citizen-legislator agency problems, yet statistical evidence on how referendums affect spending decisions is almost nonexistent. We estimate regressions for Swiss cantons using panel data from 1980 to 1998 and find that mandatory referendums reduced government spending by 19% for the median canton after controlling for demographics and other determinants of spending. (C) 2002 Elsevier B.V. All rights reserved.
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