Abstract
During the first three decades after the Second World War, the economies of most Western countries expanded rapidly. This growth was accompanied by greater governmental involvement with increasing shares for public expenditure. The expansion did not only occur in the traditional domains of activity such as defence, infrastructure investment and general administration, but also in areas such as subsidies to private enterprises and, especially, social welfare programs.1) Finally, the government involvement expanded in the form of increased regulation of various activities. The expanding public expenditures had far-reaching consequences for the economy in the form of increasing taxes, public sector lending, government employment, gross household incomes, etc.
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© 1986 Martinus Nijhoff Publishers, Dordrecht
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Folmer, H. (1986). Introduction. In: Regional Economic Policy. Studies in Operational Regional Science, vol 1. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-4392-6_1
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DOI: https://doi.org/10.1007/978-94-009-4392-6_1
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-8453-6
Online ISBN: 978-94-009-4392-6
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