Political cycle and fiscal policy in the countries of the European Union

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F13%3A00069168" target="_blank" >RIV/00216224:14560/13:00069168 - isvavai.cz</a>

Result on the web

<a href="http://www.ekf.vsb.cz/export/sites/ekf/cerei/cs/Papers/VOL16NUM02PAP04.pdf" target="_blank" >http://www.ekf.vsb.cz/export/sites/ekf/cerei/cs/Papers/VOL16NUM02PAP04.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7327/cerei.2013.06.04" target="_blank" >10.7327/cerei.2013.06.04</a>

Result language

čeština

Original language name

Political cycle and fiscal policy in the countries of the European Union

Original language description

The effort of politicians in power to form the decision of voters through expansive fiscal policy in pre-election period is still actual topic. This article aims to determine whether governments in the European Union countries initiate the political-budget cycle. We analyze 23 EU member states in the period 1995?2008. We pay attention to four institutional factors which can contribute to the creation of the political-budget cycle: length of democracy, type of parliamentary elections, term of elections and ideology. We found out that the political-budget cycle was present throughhout the European Union countries in this period. The factor of the length of democracy had small impact on statistical significance of results. However, ideology turned out tobe the most important factor in our analysis. Current revenues were used as a tool of fiscal policy in the years of elections predominantly by ideologi-cally mixed governments.

Czech name

Political cycle and fiscal policy in the countries of the European Union

Czech description

The effort of politicians in power to form the decision of voters through expansive fiscal policy in pre-election period is still actual topic. This article aims to determine whether governments in the European Union countries initiate the political-budget cycle. We analyze 23 EU member states in the period 1995?2008. We pay attention to four institutional factors which can contribute to the creation of the political-budget cycle: length of democracy, type of parliamentary elections, term of elections and ideology. We found out that the political-budget cycle was present throughhout the European Union countries in this period. The factor of the length of democracy had small impact on statistical significance of results. However, ideology turned out tobe the most important factor in our analysis. Current revenues were used as a tool of fiscal policy in the years of elections predominantly by ideologi-cally mixed governments.

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomická revue

ISSN

1212-3951

e-ISSN

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Volume of the periodical

16

Issue of the periodical within the volume

2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

16

Pages from-to

93-108

UT code for WoS article

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EID of the result in the Scopus database

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