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Constitutional Political Economy

, Volume 15, Issue 4, pp 359–370 | Cite as

A Theoretical Basis for the Consideration of Spending Thresholds in the Analysis of Fiscal Referendums

  • Marc-Jean Martin
Article

Abstract

This paper concerns the political economy of budget balances and focuses on fiscal referendums. It specifically suggests – on the basis of theoretical arguments –that any analysis of fiscal referendums must take their spending thresholds into account. Thus, it claims that mandatory fiscal referendums can impose greater constraints than optional fiscal referendums. In conclusion, various recommendations based on this observation are proposed.

Keywords

analysis of collective decision-making state and local budget and expenditure political economy budget systems referendum fiscal policy 

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Copyright information

© Kluwer Academic Publishers 2004

Authors and Affiliations

  1. 1.Swiss Graduate School of Public Administration – IDHEAPUniversity of LausanneChavannes-LausanneSwitzerland

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