International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Drivers of the Public Expenditures in the 19th Century Europe
Mehmet Cetin, Asli Seda Kurt

19th century is a period where nation-states have emerged and strengthened in Europe. Strengthening of the central government can be represented by the increase in public expenditures the sources of which are of great importance. In this study, relationship between the increase in public expenditures and developments in economic, political, commercial, and fiscal fields is analyzed for Belgium, England, France, Spain, and The Netherlands for the period between the beginning of the 2nd quarter of the 19th century and the outbreak of World War I. The main contribution of this study is that it helps to explore the political economic properties of the period and also the relationship between the state and market through time series analysis.

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