globalization restrains governments by inducing increased budgetary pressure. 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 (“compensation hypothesis”). Employing two different datasets and various measures of globalization, we analyze whether globalization has indeed influenced the composition of government expenditures.
Steve Madsen on 12 May 09Instead, the site processes your natural-language query against its database of facts that have been gathered, fact-checked, and organized by Wolfram Alpha staff, according to The New York Times.
