A summary and evaluation

  • Paul S. A. Renaud
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)


This chapter is devoted to a short summary and evaluation of this book. In Section 10.1 we recall the goal and scope of our study and give a summary of the three parts of the book. In Section 10.2 an evaluation of some conclusions will be given. Attention will be focussed on the following aspects of political economic modelling: first, the (dis)advantages of the interest function approach as a tool of modelling government behavior; second, the importance of taking account of the multi-level structure of the government; third, the implications of government behavior for behavior on private markets and vice versa; and, fourth, the role of the time-horizon of individuals and its consequences for government behavior.


Local Government Central Government Transfer Payment Private Sector Employee Governmental Decisionmaking 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Paul S. A. Renaud
    • 1
  1. 1.Amsterdam-Rotterdam BankAmsterdamThe Netherlands

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