The growth of the post-war public expenditure state: long-term trajectories and recent trends by Francis G. Castles published by Econstor (2006), indicated by Célia Lessa Kerstenetzky. “The analysis also suggests that post-1980 retrenchment tendencies were restricted to core spending, were only marginally influenced by developments in the global economy and were driven almost entirely by a conjuncture of high levels of public indebtedness and high real interest rates which is unlikely to be repeated in the near future…”
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