haku: @author Shi, M. / yhteensä: 8
viite: 2 / 8
| Tekijä: | Shi, M. Svensson, J. |
| Otsikko: | Political budget cycles: do they differ across countries and why? |
| Lehti: | Journal of Public Economics
2006 : SEP, VOL. 90:8-9, p. 1367-1389 |
| Asiasana: | budget developing countries elections panel data |
| Kieli: | eng |
| Tiivistelmä: | This article examines the relation between elections and fiscal policy and uses a large panel data. The results show evidence of political budget cycles. On average, governance fiscal deficit increases by almost 1 % of GDB in election years. It also found that the political budget cycles are significantly larger and statistically more robust in developing than developed countries. The authors propose a moral hazard model of electoral competition to explain this difference. |
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