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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP4049 |
DP4049 Where Does the Political Budget Cycle Really Come From? | |
Allan Drazen; Adi Brender | |
发表日期 | 2003-09-23 |
出版年 | 2003 |
语种 | 英语 |
摘要 | Whereas a political budget cycle was once thought to be a phenomenon of less-developed economies, some recent studies find such a cycle in a large cross-section of both developed and developing countries. We find that this result is driven by the experience of ?new democracies?, where fiscal manipulation may be effective because of lack of experience with electoral politics or lack of information that voters in more established democracies use. The strong budget cycle in those countries accounts for the finding of a budget cycle in larger samples that include these countries. Once these countries are removed from the larger sample, the political budget cycle disappears. Our findings may reconcile two contradictory views of pre-electoral manipulation, one arguing it is a useful instrument to gain voter support and a widespread empirical phenomenon, the other arguing that voters punish rather than reward fiscal manipulation. |
主题 | International Macroeconomics ; Public Economics |
关键词 | Political budget cycle New democracy Fiscal manipulation |
URL | https://cepr.org/publications/dp4049 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533025 |
推荐引用方式 GB/T 7714 | Allan Drazen,Adi Brender. DP4049 Where Does the Political Budget Cycle Really Come From?. 2003. |
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