Financing government spending in the Netherlands

Summary This article addresses the issue of financing government spending from the viewpoint of the Ricardian equivalence theory. After a review of the literature, including a discussion of the underlying assumptions and a comparison with the Keynesian and classical views, we look for empirical evidence for The Netherlands. The empirical results correspond with the findings of many other studies: Ricardian equivalence has to be rejected, although consumers do not completely ignore the government budget constraint. We stress, however, that alternative mechanisms might also be responsible for the empirical findings.Staff members of the Centraal Planbureau, Den Haag and Econometric Research and Special Studies Department, De Nederlandsche Bank NV, Amsterdam. The research project was carried out when the first author was employed at De Nederlandsche Bank. The authors are indebted to J. Pen, M.M.G. Fase, W.C. Boeschoten and A.P. Ros for their valuable comments on an earlier draft.     

政府在发展总部经济进程中的作用及对策

总部经济能促进一个地区经济的发展,并且带来诸多积极效应。在当前重新思考外资效应,怎样合理利用外资,调整外资政策的大环境下,本文分析了政府在发展总部经济进程中的作用,对政府如何发展总部经济,吸引跨国公司总部进驻,提出了对策建议。