With the idea that decentralised delivery of public goods and services increase economic efficiency and social welfare, activities are carried out in many countries to increase the share of lower level governments in the ...

The share of public investments in the gross domestic product across the EU has been in a down trend since 1970s. Although there were occasional recoveries in this trend, public investments were never at their previous ...

There are various approaches in the political economy literature regarding the effects of the political structure on fiscal performance. The common ground of these approaches is the strategic preferences and the behavioral ...

This thesis appraises the public debt sustainability in Turkey by estimating a fiscal reaction function in time-invariant and time-varying (state space) settings. Succinctly speaking, this function gauges the scale of ...