|  | 
	
		| Peter J. Stauvermann | 
	
		| Changwon National University | 
	
		|  | 
	
		| Changwon National University | 
	
		| School of Global Business & Economics | 
	
		| 20, Changwondaehak-ro | 
	
		| Changwon, Gyeongnam 641-773 | 
	
		| Republic of Korea | 
	
		|  | 
	
		| pstauvermann@t-online.de | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		| JEL Areas: H3 : Fiscal Policies and Behavior of Economic Agents: General
 O4 : Economic Growth and Aggregate Productivity: General
 |