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首页> 外文期刊>International Advances in Economic Research >Austrian Public Debt Growth: A Public Choice Perspective
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Austrian Public Debt Growth: A Public Choice Perspective

机译：奥地利公共债务增长：公共选择的视角

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摘要

This paper analyzes whether Austrian fiscal policies have been sustainable during the last five decades, concentrating on the federal (central state) level. Tests indicate that Austrian fiscal policies were sustainable, though with a decreasing weight attached to this goal. Starting in 1975, the unemployment rate played a significant role in the sense of a counter-cyclical orientation of Austrian fiscal policy as part of the concept of "Austrokeynesianism." The development of public debt in Austria seems to be driven primarily not by ideology, but by structural causes and a shift of the budgetary policy paradigm. We find empirical evidence that governments in Austria dominated solely by one party run higher deficits than coalitions of the two large parties or the two conservative parties. There are no indications of a political business cycle.
机译：本文分析了过去五年来奥地利的财政政策是否可持续，重点放在联邦（中央州）层面。测试表明，奥地利的财政政策是可持续的，尽管对该目标的重视程度越来越小。从1975年开始，失业率在奥地利财政政策的反周期导向意义上起着重要作用，这是“奥克斯凯恩斯主义”概念的一部分。奥地利公共债务的发展似乎主要不是由意识形态驱动的，而是由结构性原因和预算政策范式的转变驱动的。我们发现，经验证据表明，仅由一个政党控制的奥地利政府的赤字要比两个大政党或两个保守党的联盟高。没有迹象表明存在政治商业周期。

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