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http://hdl.handle.net/11320/14072
Tytuł: | Can Democracy Harm Public Finance? Some Evidences from Europe |
Autorzy: | Zawadzka-Pąk, Urszula K. Jamróz, Paweł |
Słowa kluczowe: | democracy debt Europe fiscal discipline |
Data wydania: | 2022 |
Data dodania: | 21-lis-2022 |
Wydawca: | Temida 2, przy współpracy i wsparciu finansowym Wydziału Prawa Uniwersytetu w Białymstoku |
Źródło: | Investments and Public Finance, editors Svetlana Moroz, Urszula K. Zawadzka-Pąk, Białystok 2022, s. 245-264 |
Konferencja: | The XX International Scientific Conference "Functioning of Investments Financed from State Resources and from Other Sources in The Countries of Central And Eastern Europe", Almaty, Republic of Kazakhstan, 23-24 September 2021 |
Abstrakt: | James Buchanan and Richard Wagner in their famous book “Democracy in Deficit” note that democracy has not enough fiscal discipline because the citizens’ representatives are chosen in the election and they take the budgetary decisions seeking the re-election. Their theory of public choice may suggest the existence of a positive relationship between the democracy’s quality and the public debt level reflecting the long-lasting consequences of the budgetary decisions of policy-makers. Thus, we formulate the following research question: Is democratic system harmful for public finance? To operationalize the democratic system, we use five democracy indices (i.e., electoral, liberal, participatory, deliberative, and egalitarian), and the public debt to operationalize the threat for public finance. Conclusions put in a new light the theory, as first the study confirmed that there are statistically significant relationships between democracy’s quality and public debt and, however not in case of every democracy index and every European country. |
Afiliacja: | Urszula K. Zawadzka-Pąk - University of Bialystok, Poland Paweł Jamróz - University of Bialystok, Poland |
E-mail: | Urszula K. Zawadzka-Pąk: u.zawadzka@uwb.edu.pl Paweł Jamróz: p.jamroz@uwb.edu.pl |
URI: | http://hdl.handle.net/11320/14072 |
DOI: | 10.15290/IPF.2022.21 |
ISBN: | 978-83-67169-11-0 |
metadata.dc.identifier.orcid: | 0000-0002-3774-4295 0000-0003-1839-4418 |
Typ Dokumentu: | Book chapter |
Właściciel praw: | © Copyright by Temida 2 Białystok 2022 |
Występuje w kolekcji(ach): | Książki / Rozdziały (Temida2) Materiały konferencyjne (WP) The XX International Scientific Conference "Functioning of Investments Financed from State Resources and from Other Sources in The Countries of Central And Eastern Europe", 23-24 September 2021 |
Pliki w tej pozycji:
Plik | Opis | Rozmiar | Format | |
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U_K_Zawadzka_Pak_P_Jamroz_Can_Democracy_Harm_Public_Finance.pdf | 468,33 kB | Adobe PDF | Otwórz |
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