Auswirkungen der direkten Demokratie auf die öffentlichen Finanzen: Empirische Ergebnisse für die Schweiz

Gebhard Kirchgässner

Swiss Journal of Economics and Statistics (SJES), 2002, vol. 138, issue IV, 411-426

Abstract: This paper gives a survey of the empirical results of the impact of direct popular rights on public finances which have been achieved in a project financed by the Swiss National Science Foundation. Using panel data from the Swiss cantons from 1986 to 1997 and cross-section data from the Swiss local communities from 1990 it has been shown that the fiscal referendum leads on both governmental levels to lower public expenditure and revenue. At the local level it also brings about lower public debt. In conjunction with other, available empirical evidence this shows that direct democracy fosters sounder public finances. The results also indicate that it would be favourable to introduce a fiscal referendum at the national level.

Keywords: Public Spending and Revenue; Budget Deficits; Fiscal Referenda; Direct Democracy (search for similar items in EconPapers)
JEL-codes: D78 H61 H63 H72 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ses:arsjes:2002-iv-6

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