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来源类型Working Paper
规范类型报告
DOI10.3386/w10539
来源IDWorking Paper 10539
Political Budget Cycles in New versus Established Democracies
Adi Brender; Allan Drazen
发表日期2004-06-07
出版年2004
语种英语
摘要Like other recent studies, we find the existence of a political deficit cycle in a large cross-section of countries. However, we find that this result is driven by the experience of new democracies'. The strong budget cycle in those countries accounts for the finding of a budget cycle in larger samples that include these countries; when these countries are removed from the larger sample, so that only established' democracies remain, the political budget cycle disappears. The political deficit cycle in new democracies accounts for findings in both developed and less developed economies, for the finding that the cycle is stronger in weaker democracies, and for differences in the political cycle across governmental and electoral systems. 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Microeconomics ; Welfare and Collective Choice ; Macroeconomics ; Fiscal Policy
URLhttps://www.nber.org/papers/w10539
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/568168
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Adi Brender,Allan Drazen. Political Budget Cycles in New versus Established Democracies. 2004.
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