Fiscal illusion, fiscal consolidation and government expenditure composition in the OECD: a dynamic panel data approach

Following the present atmosphere of budgetary cuts in the OECD countries we analyze the effects of fiscal consolidation in the composition of government expenditures by functions. We modify a standard median voter demand model to incorporate a form of fiscal illusion based on the idea that voters-taxpayers may not be fully aware of the true composition of government expenditures because all types of expenditures are not equally visible. Then we exploit the panel structure of the dataset - 26 OECD countries over the period 1970-1997- by GMM estimation of a dynamic model taking into account unobserved country effects and possible endogeinity of the explanatory variables. Under the assumption that governments know the relative visibility of each type of expenditure, the pattern of the last three decades indicates that defense and the non-productive economic services are the less visible expenditures. On the other hand, education and housing seem to be the more visible expenditures.

Determinants of the Composition of Government Expenditure by Functions

In this article we analyze the determinants of the functional distribution of government expenditure using for this purpose the models of the median voter's demand common in public choice literature. First of all, we review the economic literature on the factors affecting each component of government expenditure. Then, secondly, we develop a demand model of expenditure structure and we estimate the demand equations system for the sample of OECD countries in the period 1970-1997. The results reveal that, besides income and prices, institutional factors, population density and its age structure have significant effects on the composition of government expenditure.

The evolution and convergence of the government expenditure composition in the OECD countries: an analysis of the functional distribution

The composition of the public expenditure affects the long-run growth rate (Barro, 1990, Devarajan, Swaroop and Zou, 1996). This paper has explored the existence of convergence in the structure of government expenditure by functions in the OECD countries for the period 1970-1998 and the perspectives of this process to persist in the future. The results obtained first through the similarity index and afterwards using the usual convergence indicators (ƒÒ, ƒã and ƒ×), adapted to the analysis of the breakdown of public expenditure, point out to the existence of a distribution approximation. Nevertheless, we have found that the majority of expenditures were near to the steady-state, which differs across countries. This reveals that there are some individual factors that impede the convergence to a single structure in the long run. This could be one of the explanations of the difference observed among economic growth rates in developed countries.convergence, composition of public expenditures, funtions of the government

The evolution and convergence of the government expenditure composition in the OECD countries: an analysis of the functional distribution

This paper explores the existence of convergence in the structure of government expenditure by functions in the OECD countries for the period 1970-1998 and the prospects of this process persisting in the future. The results obtained first through the similarity index and afterwards using the usual convergence indicators, adapted to the analysis of the breakdown of public expenditure, point to the existence of a distribution approximation. Nevertheless, we have found that the majority of expenditures were near to the steady-state, which differs across countries. This suggests that there are some individual factors that impede convergence to a single structure in the long run.

Design and Manufacturing of an APTF to Test Fluid Behaviour in Microgravity Environment

The present paper deals with the design and manufacturing of an APTF (Advanced Plateau Tank Facility) in order to carrying out earth experiments, previous to space experiments, of fluid behaviour in microgravity environment. This work has been done in collaboration between Manufacturing and Microgravity Laboratories in the Polytechnic University of Madrid, and analyses the requirements and restrictions that must be considered for an APTF design and manufacture. Mechanism employed in each part of the prototype are described in detail, emphasising those that suppose new solutions rather previous designs

Residència d'estudiants a Mannheim : Glückstein Quartier, Mannheim, Alemanya

Projecte de residencia universitària bioclimàtica al barri de Glückstein Quartier a Mannheim, Alemanya. L'exercici proposa un edifici sostenible, apostant per un sistema de cultiu de microalgues com a sistema de captació actiu per al proveïment d’energia elèctrica i tèrmica. L’edifici, de més de 18000m2, està format per una biblioteca, una sala polivalent, un mercat i la residencia d’estudiants

DERECHO Y POLÍTICAS AMBIENTALES EN GALICIA: GESTIÓN DE LAS AGUAS, ORDENACIÓN DEL LITORAL Y CONFLICTO MINERO EN EL INICIO DE LA NUEVA LEGISLATURA

DERECHO Y POLÍTICAS AMBIENTALES EN GALICIA: GESTIÓN DE LASAGUAS, ORDENACIÓN DEL LITORAL Y CONFLICTO MINERO EN ELINICIO DE LA NUEVA LEGISLATUR