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Politökonomische Erklärungen Zum Abbau Der Staatsverschuldung – Eine Erweiterte Perspektive

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  • Döring Thomas

    (Philipps-Universität Marburg, Fachbereich Wirtschaftswissenschaften, Abteilung für Finanzwissenschaft, Am Plan 2, D – 35037 Marburg)

  • Thießen Friedrich

    (Technische Universität Chemnitz, Finanzwirtschaft und Bankbetriebslehre, Fakultät für Wirtschaftswissenschaften, D – 09107 Chemnitz)

Abstract

Since the 1970s many industrial countries constantly accumulated public debt. This was a new phenomenon that had not been observed in the years before. Scientists tried to find explanations and analysed the development mainly from a public choice perspective. In the meantime signs occurred showing that the trend has reversed. Again, it was looked for explanations. Some authors tried to explain the observed shift towards a strategy of budget consolidation with changes in political ideologies and institutions. Others explained the phenomenon with the fiscal constraints which can be a long term consequence of high levels of public debt. However, some important questions remained open. This paper pursues the question whether the change in the public-debt-policy of politicians can be embedded into a broader framework. This broader framework should not only allow to analyze the development of public debt as a result of the debt-related policy of politicians in a narrow sense, but as a result of political decisions relating to government spending and taxation in general, i.e. from a public budget perspective in total.

Suggested Citation

  • Döring Thomas & Thießen Friedrich, 2004. "Politökonomische Erklärungen Zum Abbau Der Staatsverschuldung – Eine Erweiterte Perspektive," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 53(2), pages 151-169, August.
    • Handle: RePEc:lus:zwipol:v:53:y:2004:i:2:p:151-169:n:3
    DOI: 10.1515/zfwp-2004-0203
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