| Abstract: |
Bachelor thesis „The Effects of Nominal Caps in Fragmented Budget Process“ deals with the influence of size and process fragmentation in budget process on deficit, expenditures and allocation of resources, and discusses the possible implementation of the spending cap. Both on the theoretical and the empirical level, evidence is provided in favor of a lower fragmentation within the budget process. Concerning spending cap, we conclude that the results on the theoretical level as well as on the empirical level are not strongly persuasive. |
